Rama Steel Tubes shines on foraying into renewable energy space
Rama Steel Tubes is currently trading at Rs. 14.14, up by 0.93 points or 7.04% from its previous closing of Rs. 13.21 on the BSE.
The scrip opened at Rs. 13.51 and has touched a high and low of Rs. 14.92 and Rs. 13.51 respectively. So far 20976728 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 17.51 on 09-Sep-2024 and a 52 week low of Rs. 8.41 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 14.92 and Rs. 11.14 respectively. The current market cap of the company is Rs. 2208.06 crore.
The promoters holding in the company stood at 47.96%, while Institutions and Non-Institutions held 0.44% and 51.60% respectively.
Rama Steel Tubes has forayed into renewable energy space through its participation as a Joint Venture (JV) partner in a 225 MW solar power project under the Government of India’s ambitious PM-KUSUM scheme.
The project, structured under Onix IPP, a Special Purpose Vehicle (SPV), is spread across multiple locations in Maharashtra. It has successfully signed Power Purchase Agreements (PPAs) with the Maharashtra State Electricity Distribution Company (MSEDCL) at a fixed tariff of Rs 3.10 per unit for a 25-year term.
The company’s participation ensures stable long-term returns from the green and renewable energy sector. With its 10% stake in the SPV, the company will proportionally benefit from recurring income, adding a new dimension of sustainability-linked revenue to its business portfolio.
This move marks the company’s entry into the fast-growing renewable energy sector, reinforcing its commitment to Environmental, Social and Governance (ESG) goals, and creating long-term value for shareholders.
Rama Steel Tubes is a leading player engaged in the manufacturing and trading of Steel Tubes & Pipes and Rigid PVC (Poly Vinyl Chloride) & G.I. (Galvanised Iron) Pipes in India as well as in the world.
