Ratnamani Metals & Tubes Limited has submitted a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding new orders received by its subsidiary.
Order Details
- Order Value: USD 286 Million (approximately INR 2,700 Crores)
- Product: Spools and Hangers
- Customers: International customers of Ratnamani Finow Spooling Solutions Private Limited
- Execution Timeline: Over a period of two to three years
- Manufacturing Arrangement: Orders will be partly manufactured in the subsidiary's plant and partly sub-contracted and sold on Mercantile Trade Transaction basis
- Transaction Type: Export/International business
Related Party Considerations
- The promoter/promoter group/group companies have no interest in the entity that awarded the orders
- This transaction does not qualify as a related party transaction
Additional Information
- The order was received in the normal course of business by the subsidiary company
- This intimation has been uploaded on the company's website at www.ratnamani.com as required under Regulation 30(8) of SEBI Listing Regulations
- The disclosure was signed by Anil Maloo, Company Secretary & Compliance Officer, on August 24, 2026
Financial Impact
The order value of USD 286 million (approximately INR 2,700 crores) represents significant business for the subsidiary company, to be executed over a 2-3 year period.