India: Ratnamani Metals draws up CAPEX plans for expansion

Ratnamani Metals & Tubes Ltd, has completed CAPEX plans both in stainless steel as well as carbon steel divisions.

Capacity additions:

• 30,000 t capacity of about INR 290 cr in stainless steel pipe segment
• 1,50,000 t line pipe capacity of INR 190 cr in carbon steel division
• 50,000 t capacity in carbon steel ERW segment

Incorporated in 1983, Ratnamani Metals & Tubes is one of the leading manufacturers of carbon steel welded pipes, with two manufacturing plants in Gujarat producing value-added stainless steel and carbon steel products having capacity of 60,000 and 5,50,000 mt pa respectively.