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news:

the company entered into a partnership with Onix Renewable Ltd. to supply steel structures and single-axis trackers for solar energy projects, with plans to eventually expand into dual-axis trackers.

Onix Renewable Ltd., the partner company, is involved in various sectors of renewable energy and currently has 600 MW of projects underway, with an additional 2200 MW planned. The new partnership is expected to contribute to the success and durability of these solar projects.

Rama Steel Tubes has incorporated a wholly owned subsidiary named, Rama Defence on 31 August 2024. The new company will carry out business in the field of defence sector such as trading, importing, exporting, manufacturing, assembling and supplying of defence equipment, arms, ammunition, explosives and related military and security hardware etc

focus:
: rama steel ltd enter in 2 most demanding sectors defence and renewable energy.
: fuuture growth of these sectors are too high,
: after news in stock shows heavy fii inflows

market cap before news 1500 cr
current market cap 2052 cr
price before news 10.30
current price 13.46
target price 24-30

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