Indian company Ratnamani Metals and Tubes (RMT) has secured a domestic order of Rs124cr for the supply of coated CS pipes for an Oil and Gas Pipeline project to be completed between April to September 2020. The company has also received a domestic order of Rs.81cr for the supply of coated CS Pipes for an oil and gas pipeline project to be completed between April to September 2020.
The two domestic orders, along with an export order for $14.30mn for supply of bare CS pipes to be completed between May-June 2020, is likely increase RMT’s top-line growth in the upcoming quarter, according to the company.
The company’s other plans include increasing the capacity of L-SAW carbon steel pipes from 40,000 mt to 1,20,000 mt. RMT at present has a manufacturing facility at Chhatral, Indrad and Kutch in Gujarat.