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June 05,2025

Rama Steel Tubes Invests Strategically in 225 MW Solar Project in Maharashtra

Rama Steel Tubes (RSTL) shares surged 14.19% to Rs 13.36 after investing 10% equity in a 225 MW Solar Power Project under the PM-KUSUM scheme. The project, by Onix IPP in Maharashtra, has 25-year power purchase agreements with a fixed tariff, ensuring stable revenue. Rama Steel expects Rs 270.28 crore over 25 years.

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