Rama Steel Tubes Installs Solar Project At Khopoli

Rama Steel Tubes on Monday informed that it has installed a solar project at Khopoli facility, Maharashtra. The solar project will generate 1100 MWh/ year of energy, same amount of energy needed to power the installed and upcoming capacities.
The solar project has a capacity of 750 KWp and will generate same amount of energy needed to power the current as well as the planned upcoming capacity.
Meanwhile, Rama Steel Tubes was trading higher by 2.4% at Rs 135.65 per share at 1015 hours IST on BSE.
The stock has delivered returns of more than 35% in a period of one year. It has outperformed BSE Metal Index and underperformed BSE small-cap over the same period. Its closest peers include APL Apollo Tubes and Ratnamani Metals Tubes.
Rama Steel Tubes Limited is engaged in manufacturing and trading of steel pipes. The company manufactures and exports electric resistance weld (ERW) steel tubes.

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About Suhani Varma

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