Dec 22: Rama Steel Tubes Ltd (BSE: 539309, NSE: RAMASTEEL) has received the award for the Fastest Growing Company in Steel & Non Ferrous Metals Segment (Medium Sector) at the IInd IPF Industrial Excellence Awards, 2017.
Rama Steel is a leading player in the manufacture of ERW Pipes. The award ceremony was held on 20th December at the Bombay Stock Exchange in presence of eminent jury from the industry. IPF is a platform with ultimate motive of appreciating and acknowledging the fastest growing manufacturing companies as well companies which manufacture products that meet the standards of’ Product Excellence’.
In morning trade, Rama Steel Tubes was trading 2.23% up at Rs 215.60 as against previous closes of Rs 210.90 at BSE while at NSE it was trading 1.90% up at Rs 215 as against previous close of Rs 211 after hitting a 52 week high of Rs 215.50.
The company reported 31.91% growth in net profit for Q2 FY18 at Rs 3.46 cr while sales rose 54% to Rs 90.61 cr.