Sixteenth Street Asian Gems Fund picks up stake in Rama Steel Tubes Ltd

Mumbai (India), April 6: Rama Steel Tubes Limited (RSTL) is a pioneer and leading manufacturer in the steel tube industry. As per bulk deal data available on NSE, Sixteenth Street Asian Gems Fund has picked up 220,000 shares for an average price of Rs. 350 on 05 April, 2022.

Earlier in January, the company had inked exclusive arrangement for supply of specialty steel SKUs in Nigeria, West Africa, through RST Industries Ltd. (a stepdown subsidiary of RSTL). RST Industries Ltd, Nigeria signed annual contract with Huihai Group Ltd, Hong Kong where RST industries Ltd will have an exclusive arrangement for supply of specialty steel SKUs of – 15,000 MT per annum in Nigeria.

RSTL has been continuously striving to improve its performance by increasing sales, share of value-added products, innovating new products and aggressive cost optimization on a continual basis. RSTL products range includes MS ERW black pipes from 15mm to 200mm diameter pipes confirming to lS: 1239, lS:1161, lS:3589, lS:3601, &lS:4270 and G. l. Pipes from15mm to l-50mm NB in light, medium and heavy sizes. RSTL has 2O% exports rate, with a global presence in more than 15 Countries.

RSTL has a subsidiary in UAE and a step-down subsidiary in Nigeria which has strengthened the company/s presence in global markets. RSTL has the world’s latest technology, plant and machinery, which also includes sophisticated testing equipment. RSTL has 4 state-of-art manufacturing capabilities located at Sahibabad (U.P.), Khopoli (Maharashtra) and Anantpur (Andhra Pradesh) and has got strong distributor network spread across lndia.

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4th Somaiya Polymer Science Symposium S4P-4 Celebrates Innovations in Polymer Industry and Academia

Mumbai (Maharastra) [India],October 29: The Department of Polymer Science at S. K. Somaiya College of Somaiya Vidyavihar University, and The Society for Polymer Science India (SPSI)  successfully hosted the 4th edition of the Somaiya Polymer Science Symposium Series (S4P-4) at the University campus. With fourteen event partners from both academia and Industry this year’s symposium […]

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Absolute Matrimony Wins Most Trusted Indian Matrimony Site at Snehshilp Foundation Start-Up Fest 2024

Ahmedabad (Gujarat) [India], October 30:  Ahmedabad Absolute Matrimony, one of the leading matrimonial services in India for Indian professionals, is proud to announce its recognition as the “Most Trusted Indian Matrimony Site” at the Snehshilp Foundation’s Start-Up Fest Gujarat 2024. This esteemed award highlights the platform’s unwavering commitment to authenticity, security, and user satisfaction. The Start-Up Fest, an […]

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A Timepiece for the Festive Season

Mumbai (Maharashtra) [India], October 29: Diwali, the festival of lights, is a time to celebrate bonds, express gratitude, and share meaningful gifts. In the spirit of the season, gifting takes on a special significance, symbolising prosperity, success, and the value of time spent with loved ones. A timepiece is the perfect gift to mark these […]

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