Ratnadeep Metal & Tubes is making significant strides towards the company’s growth through backward integration. In an exclusive interview with Tube & Pipe India, Mr. Bharat Sanghavi, Managing Director & CEO of Ratnadeep Metal & Tubes, and Mr. Jaimik Sanghavi, Director of the company, discuss the company’s plans to produce raw materials in-house. With this strategic move, Ratnadeep Metal & Tubes aims to boost its production capacity to 15,000 metric tonnes per annum from 12,000 tonnes per annum within the year.

Tube & Pipe India: How do you view the Indian steel industry in comparison to the global market?

Bharat Sanghavi: We see robust growth in the Indian steel industry and expect the domestic steel consumption to grow at a healthy rate of 9-10 percent in FY2025. For the past three years, the steel industry has witnessed one of the fastest growth periods since the global financial crisis of 2020, following the pandemic. In FY24, the industry registered a consumption growth of more than 13 percent, giving a positive outlook to the industry.

Jaimik Sanghavi: In recent years, the steel industry has witnessed remarkable growth. If you look at the government data, the performance of the Indian steel sector during April-June FY25 (Q1:FY25) surpassed the levels for this period in any fiscal year. The crude steel production reached 36.61 million tonnes, finished steel production was at 35.77 million tonnes, while finished steel consumption reached 35.42 million tonnes. India is set to become a major global player in steel production, showing an upward trajectory in both crude and finished steel production, as well as in finished steel consumption. The robust demand and expansion in the sector position it for consistent growth in the coming quarters. India, which is currently the world’s second-largest producer of steel, will play a significant role in shaping global steel markets and supporting industrial advancements worldwide.

TPI: How do you see the growth trajectory of the tube and pipe segment? What role does the Indian government play in supporting the growth and development of this sector?

JS: We foresee huge growth in the Indian tube and pipe industry, owing to the government’s increased investment in sectors such as oil & gas, fertilizers, power plants and nuclear energy. However, several policies require immediate attention of the government. For example, certain types of steel are neither melted nor produced in India. We believe the government should recognize the needs of the steel industry and support the production or melting of these specialized steels domestically. This would reduce our reliance on imports and enable the Indian companies to manufacture special grades like nickel alloys, which hold significant potential in future markets.

TPI: Tell us briefly about your company.

BS: Established in 2004, Ratnadeep Metal & Tubes specializes in the manufacturing of seamless and welded tubes and pipes composed of stainless steel, nickel alloy, duplex and super duplex, titanium, carbon steel and alloy steel. Equipped with modern production facilities, the company has an in-house bright annealing system and testing facility to ensure that every single product is of the highest quality and meets international standards.

Ratnadeep Metal & Tubes leverages its strong infrastructure and highly-skilled engineers to create efficient products, building transparency and long-term customer relationships. The company produces tubes and pipes with external diameters ranging from 3.0 mm to 323.9 mm and a wall thickness of 0.5 mm to 15.0 mm. The tube and pipe company has an annual production volume 12,000 metric tonnes.

TPI: Can you mention some of the recent developments in the company?

JS: Our company will significantly expand its manufacturing capacity this year. Our capacity enhancement plans further include technology upgradation and automation of machinery. We are implementing a backward integration strategy to produce raw materials in-house. Currently, our production capacity stands at approximately 12,000 metric tonnes per annum. With these developments, we expect to increase our capacity to 15,000 metric tonnes per annum within the year.

We are proud to be part of Chandrayan – 3 mission by supplying our stainless steel seamless instrumentation tubes for critical application. Recently, we installed two high-speed cold pilger mills to produce tubes from 10 mm OD to 38.10 mm OD. We have also installed a bright annealing furnace with a fast cooling chamber for special alloys materials and for better surface roughness of tubes and pipes.

TPI: How do you ensure quality management of your products?

BS: Ratnadeep Metal & Tubes upholds high manufacturing standards by sourcing premium raw materials and implementing rigorous quality control measures. By leveraging advanced technologies and precise quality testing methods, including hydrostatic tests, Eddy Current tests, ultrasonic tests, and various other parameter checks, the company ensures consistent product quality that meets international standards. Its robust quality management system guarantees complete traceability, supported by comprehensive documentation.

TPI: How do you stay ahead of the curve?

JS: Ratnadeep Metal & Tubes caters to a wide range of clients due to in-house manufacturing & testing of product mix in terms of metallurgy & size range. The founder of Ratnadeep Metal & Tubes, Mr. Bharat S. Sanghavi, has a rich experience of manufacturing tubes and pipes for over 40 years. We have approvals in all major domestic & international end users, engineering companies & fabrication industry. A very highly-skilled & experienced team of employees has been part of Ratnadeep Metal & Tubes since beginning, which provides seamless solutions to clients. Our consistency on quality and delivery plays a major role in getting repetitive business.

TPI: Can you tell us about your key clientele and market footprint, including your reach in international markets?

JS: Our key domestic clientele include leading organizations such as Bharat Heavy Electricals Limited (BHEL), National Thermal Power Corporation Limited (NTPC), Engineers India Limited (EIL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), Reliance Industries Limited (RIL), Indian Oil Corporation (IOCL), Indian Farmers Fertiliser Cooperative Limited (IFFCO), Larsen & Toubro (L&T), Oil and Natural Gas Corporation (ONGC), Nayara Energy, Chennai Petroleum Corporation Limited (CPCL), Steel Authority of India Limited (SAIL), HPCL Mittal Energy Limited (HMEL), TATA Projects Limited, Gas Authority of India Limited (GAIL), Numaligarh Refinery Limited (NRL), CAIRN, and many more. Additionally, on the international front, we also serve many renowned companies.

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TPI: How do you incorporate sustainability into your manufacturing process?

BS: Ratnadeep Metal & Tubes powers its manufacturing operations with sustainable green energy, reducing carbon footprint and promoting environmental responsibility. The company has installed 1229 KVA solar panels at its manufacturing facility to meet its power demands, reinforcing its commitment to a greener future.