Joint Venture4 Sept 2024, 03:56 pm
Rama Steel Tubes Limited Steps into Green Energy with Onix Renewable Ltd Collaboration
AI Summary
Rama Steel Tubes Limited (RSTL) has announced a strategic collaboration with Onix Renewable Ltd. This partnership will leverage RSTL's expertise in providing steel structures and single-axis trackers, with plans to expand to dual-axis trackers in the future. RSTL has developed specialized steel structures and tracker tubes for Greenfield Solar Projects, marking its entry into the Green Energy segment. The collaboration is expected to positively impact EBITA and establish RSTL’s position in the renewable energy sector.
Key Highlights
- RSTL announces strategic collaboration with Onix Renewable Ltd for Green and Renewable Energy
- RSTL to provide steel structures and single-axis trackers, with plans for dual-axis trackers in the future
- Specialized steel structures and tracker tubes developed for Greenfield Solar Projects
- Collaboration expected to positively impact EBITA and establish RSTL’s position in the renewable energy sector
- RSTL's 50-year history as a pioneer Manufacturer of Steel Tubes in India