Established in 1983, Ratnamani Metals & Tubes Ltd. (RMTL) has emerged as a multi-product, multi-location company
providing total piping solutions to a diverse range of industries. Its business can be categorized mainly into two segments
— stainless steel tubes & pipes and carbon steel pipes. Its Carbon Steel Division, makes high frequency welded (HFW) &
electric resistance welded (ERW) pipes apart from manufacturing longitudinal submerged arc welded (L-SAW) pipes &
helical submerged arc welded (H-SAW) pipes of large diameter. These pipes are primarily used for continuous
transportation of large quantities of oil, natural gas and water over long distances. On the other hand, its Stainless Steel
Division produces seamless and welded tubes and pipes of various grades conforming to different ASTM and DIN
standards. It also manufactures large diameter electric fusion welded (EFW) stainless steel pipes in a single long seam
upto a length of 12 metres. Stainless steel tubes and pipes are typically used in heat exchangers, boilers, condensers,
refrigeration, instrumentation, hydraulics, fuel injection, exhaust systems for automobiles apart from being used as
general piping for power plants, space application and special piping for nuclear applications. Thus, RMTL caters to the
niche markets of emerging sectors like oil & gas, petrochemicals, fertilizers, water distribution, refineries, chemicals,
power plants, sugar, automobile, food and dairy, paper, pharmaceutical, nuclear, aeronautics, space research centres,
atomic energy, ship building, railway coaches etc. About 50% of its turnover comes from oil, gas, petrochemicals industry
followed by 20% from power and the balance 30% from the others. It has a large domestic customer base like BHEL, L&T,
Reliance Industries, IOCL, HPCL, BPCL, GAIL, Alfa Laval, Alstom Power, NTPC etc. At the same time, exports account
for 45% of its revenue as RMTL is an approved vendor of hydrocarbon majors like Shell, Total, Chevron, Exxon Mobil,
Agip KCO, Bechtel, TOYO Engg, Aker Kvaerner, Linde, BASF, Chiyoda, Dow Chemicals, BTT France etc.
RMTL has two state-of-the-art manufacturing plants at Chhatral and Kutch in Gujarat with a total installed capacity of
19,000 MTPA for stainless steel and 300,000 MTPA for carbon steel. In FY08, however, the capacity utilisation in the
stainless steel segment was 70% and in the carbon steel segment it stood at 30%. RTML meets 100% of its power
requirement from its 24 windmills generating 20.54 MW of green power. It has also got itself partly backward integrated
by establishing a hot extrusion line, which has reduced its dependence on imported materials to some extent. Apart from
these units, the company operates two mobile plants for making large diameter SAW pipes at the customer's site. These
plants can be dismantled and re-erected within a short span of time and can produce pipes with diameter from 36" NB
upto 135" NB in various thicknesses depending upon the project requirements. As a part of its forward integration, RTML
has recently set up a 3 layer polyethylene and epoxy coating line with capacity of 2.7 million sq. mtrs. To maintain its
growth momentum, it has also expanded its SS welded tube capacity by 3000 MTPA and is in the process of doubling its
H-SAW pipe capacity by 100,000 MTPA through brownfield expansion in two phases. Post expansion, its production
capacity for stainless steel will stand increased to 22000 MTPA and that of carbon steel to 400,000 MTPA. The company
has also developed titanium tubes for application
in the power industry, which will later be
extended to cover aerospace, defence, water
desalination, etc. Further, the company has
outlined a capex of Rs.90 cr. in FY10, which
includes setting up large diameter and higher
thickness stainless steel welded pipe plant with
capacity of 1500 MTPA and re-organisation of the
existing plant at Chhatral.
