Rama Steel Tubes Installed A Solar Project At Khopoli

On Monday, Rama Steel Tubes Installed a solar project at Khopali facility, Maharashtra. The project will provide 1000 MWh/ year of energy; this same amount of energy is needed to power the installed and upcoming capacities. The project has a capacity of 750 kW, will generate the same amount of energy needed to power the current as well as the planned upcoming capacity.
Rama Steel Tubes Ltd is focused on Manufacturing and trading of steel and pipes, and also manufacturing and export electric resistance weld (ERW) steel tubes.
On BSE the Rama Steel Tubes were trading higher by 2.4% at Rs 135.65/ share. Its closest peers are APL Apollo Tubes and Ratnamani Metals Tubes.
The stock of the company has delivered returns of more than 35% in a period of a one year and has a outperformed BSE Metal index and underperformed BSE small cap over the same period.
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