Rama Steel Tubes Limited, an Indian tube maker, reported sales volume results for the second fiscal quarter of FY23, which concluded on September 30, 2022.
The firm announced its biggest quarterly sales volume ever in Q2FY23, at 48,774.67 tons.
Comparatively to H1FY22's 46,698.18 tons, sales volume for H1FY23 was 78,608.63 tons.
The business anticipates that the commissioning and ramp-up of the additional capacity expansion of 30,000 tons at the Khopoli Plant in Maharashtra would significantly increase sales volume in H2FY23. This extra capacity is primarily intended to boost the supply of high-thickness tubes and special-grade structural steel for the infrastructure, automotive, and solar industries.
The entire annual pipe manufacturing capacity of Rama Steel Tubes Limited is 264,000 tons.
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