Rama Steel Tubes, Through its Joint Venture PPCPL, Wins Two Prestigious Orders Worth Rs. 288 Cr from Uttarakhand Power Corporation Ltd. & Himachal Pradesh State Electricity Board

Rama Steel Tubes Limited (BSE: 539309, NSE: RAMASTEEL) pioneer in the steel tubes industry and well established strong brand known for its high quality having  two state of art manufacturing facilities in Sahibabad and Khopoli with a total installed capacity of 1,32,000 MT, has won two new prestigious orders of supply and erection of transmission lines for rural electrification, in its joint venture company - Pir Panchal Construction Private Limited (PPCPL).

• Two new orders won by Pir Panchal Construction Pvt. Ltd. - a joint venture Company of Rama Steel Tubes Ltd. Rama Steel holds 25% stake in PPCPL

• Orders awarded by Uttarakhand Power Corporation Ltd. and Himachal Pradesh State Electricity Board, amounting to Rs. 288 crore

• Scope of work includes Supply and Erection of transmission lines for rural electrification. Orders to be executed within 24 months

Commenting on this, Mr. Richi Bansal, CEO, Rama Steel Tubes Ltd. said, "We are very pleased to inform that PPCPL, our joint venture company, has been successfully bagging prestigious orders in the area of supply & erection of transmission lines in India. The joint venture has already executed orders worth more than Rs. 150 crore over last three to four years. With the strong focus of the government towards electrifying the length and breadth of the country, we feel this joint venture has a bright future ahead."