Ratnamani Wins Export Orders Worth ₹2,700 Crore; Shares Rise 14.64%

Mumbai, August 24: Ratnamani Metals & Tubes Limited said its subsidiary, Ratnamani Finow Spooling Solutions Private Limited, has received export orders worth USD 286 million, approximately ₹2,700 crore, for the supply of spools and hangers.

According to the company’s exchange disclosure dated August 24, 2026, the orders have been received from international customers of Ratnamani Finow Spooling Solutions. The subsidiary will supply spools and hangers under the contracts.

The orders have an execution period of two to three years. The company said the orders will be partly manufactured at its own plant and partly sub-contracted, with some products to be sold on a merchant trade transaction basis.

The disclosure classifies the orders as international in nature. Ratnamani Metals & Tubes also stated that the contracts were received in the normal course of business and do not constitute related-party transactions.

No promoter, promoter group or group company interest in the entities awarding the orders has been disclosed.

Stock Market Snapshot

Ratnamani Metals share price rose 14.64% to ₹2,699.00 as of 15:14 IST on August 24, 2026, according to the market data provided.

The stock traded around ₹2,400 for much of the session before a sharp move higher after 2:20 pm. Shares climbed towards ₹2,750 before easing back and stood at ₹2,699 at the reported timestamp.

The scale of the newly disclosed orders stood out against the stock’s earlier session movement. The ₹2,700 crore approximate order value also provides a substantial addition to the subsidiary’s order pipeline, with execution spread across two to three years.

Ratnamani Metals’ Business And Subsidiary Operations

Ratnamani Metals & Tubes operates in the manufacturing of specialised metal and tubular products, serving sectors that include energy and industrial infrastructure.

Its subsidiary, Ratnamani Finow Spooling Solutions, is involved in the supply of spools and hangers. The latest contracts give the subsidiary additional export business and extend its order visibility over a multi-year period.

The company has indicated that the execution model will combine in-house manufacturing with subcontracting and merchant trading arrangements. This provides the subsidiary with flexibility in fulfilling the newly received international orders while keeping the contracts within its ordinary course of business.

Conclusion

The USD 286 million export order win marks a sizeable addition to Ratnamani Metals & Tubes’ business pipeline through its subsidiary and carries an execution horizon of two to three years.

With the stock at ₹2,699.00, up 14.64% as of 15:14 IST on August 24, 2026, the market reaction followed the disclosure of the substantial international order book addition. The company has said the contracts are part of the subsidiary’s normal business operations and are not related-party transactions.

Source:

• https://www.nseindia.com/get-quote/equity/RATNAMANI/Ratnamani-Metals-&-Tubes-Limited
• https://nsearchives.nseindia.com/corporate/RATNAMANI_24082026141254_RMTLRFSSNEWORDER24082026.pdf