Rama Steel Tubes announced that it has signed a memorandum of understanding (MOU) with the Government of Uttar Pradesh to establish a steel processing unit. The steel processing unit would be for MS Pipes, STP Poles, Gl Pipes, CR Coils, GP Coils, and Color Coated Coils.
The proposed investment under this MOU is Rs 600 crore, which will be invested in stages. “We are proud to announce that the company has received a mega project,” the company stated. Our long-standing relationship and credibility have yielded yet another prestigious megaproject.
RSTL has been associated with numerous State Corporations in the past, and we are proud of our long-standing relationship with them. This transaction will help us to expand our capacity and strengthen our position in the steel tubes and pipes market. Rama Steel Tubes is a company that manufactures steel pipes and related products.