Rama Steel Tubes Limited has announced the incorporation of a new associate company, ORAM Green Energy Limited, dedicated to Green and Renewable Energy initiatives. Established on October 28, 2024, ORAM Green Energy Limited is backed by an authorized capital of ₹5 crore and a subscribed capital of ₹50 lakh, with 40% of its share capital held in cash. Prominent promoters of Rama Steel Tubes, Mr. Naresh Kumar Bansal and Mr. Richi Bansal, are also listed as promoters and subscribers of this newly formed company.
With its registered office in Delhi, ORAM Green Energy aims to drive Rama Steel Tubes’ expansion into the renewable energy sector, aligning with global sustainability goals. This strategic move reflects Rama Steel Tubes’ commitment to diversifying its business portfolio into environmentally friendly sectors.
