Ratnamani Subsidiary Secures ₹2,700 Crore Export Orders for Spools/Hangers
Ratnamani's subsidiary, Ratnamani Finow Spooling Solutions, has secured export orders worth USD 286 Million (approx. ₹2,700 Crores) for Spools/Hangers. The orders are to be executed over two to three years and will be partly manufactured by the subsidiary and partly sub-contracted.
The value of the orders (₹2,700 Crores) is substantial and is expected to have a significant positive impact on the company's financial performance and growth trajectory.
The company has secured significant new orders, which is a positive development for its business and revenue prospects.
Ratnamani Metals & Tubes Limited announced that its subsidiary, Ratnamani Finow Spooling Solutions Private Limited, has received export orders for the supply of Spools and Hangers. These orders collectively amount to approximately USD 286 Million, which is equivalent to around ₹2,700 Crores. The subsidiary will be responsible for partly manufacturing these items in its own plant, while the remainder will be sub-contracted and sold on a Mercantile Trade Transaction basis. The orders are from international customers and are to be executed over a period of two to three years. This transaction is not considered a related party transaction and does not involve any interest from the promoter or promoter group.
The subsidiary company received these export orders in the ordinary course of its business. The announcement was made on August 24, 2026, in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details required by SEBI regulations are attached as Annexure – A and will also be uploaded on the company's website.
A plain-language summary of a public exchange filing by Ratnamani Metals & Tubes Limited. Read the original for the full detail.