RSTL launches 40,000 MT backward integration project

07 Dec 2023 CW Team

Rama Steel Tubes (RSTL) announced the initiation of an expansion project of 40,000 metric tonnes at its plant in Khopoli, Maharashtra. The expansion is in addition to the company's current installed capacity of 2,64,000 Metric Tonne Per Annum (MTPA).

In a statement, it was mentioned by Rama Steel Tubes that the company had begun a strategic backward integration expansion of 40,000 MTPA at its Khopoli plant in Maharashtra.

According to the statement, the project is planned to be completed by the end of FY25, with an investment of Rs 300 million, which will be financed through internal accruals.

Richi Bansal, Whole Time Director & Chief Executive Officer of Rama Steel Tubes, stated, "They are establishing a cold rolling mill and galvanising steel sheet facility to meet the in-house raw material requirements. This is aimed at addressing the high demand for our specialised steel solutions, which find applications in the country's growing infrastructure and automobile sector."

Rama Steel Tubes, a prominent manufacturer of steel pipes and tubes, as well as G.I. (galvanised iron) pipes in the country, shared this information.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..