Business Update24 Aug 2026, 02:12 pm
Ratnamani Subsidiary Secures USD 286M Export Orders
AI Summary
Ratnamani Metals & Tubes Ltd's subsidiary, Ratnamani Finow Spooling Solutions Private Limited, has received significant export orders for Spools/Hangers valued at approximately USD 286 Million (INR 2,700 Crores). These orders are to be executed over a period of two to three years. The manufacturing will be partly in-house and partly sub-contracted on a mercantile trade basis. This development is a positive business update for the company, indicating strong international demand for its subsidiary's products. The transactions are not related party transactions and are conducted in the normal course of business.
Key Highlights
- Subsidiary received export orders worth USD 286 Million.
- Orders are for supply of Spools/Hangers over 2-3 years.
- Partly manufactured in-house, partly sub-contracted.
- Transactions are in the normal course of business.
- Not a related party transaction.
Price Impact
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