Ratnamani, on the other hand, is set to benefit from a subsidiary it set up in 2025 with Saudi Electrical Materials Co Ltd (Sesco) to set up a facility for steel tube and pipe products to be directly manufactured in Dammam, Saudi Arabia. The facility, expected to be completed in 2028, would serve as a local supply vehicle to provide critical tubing solutions directly to end-consumers across Saudi Arabia and the broader Gulf Cooperation Council (GCC) region, the company said. The sectors it will cater to include oil and gas, desalination, power generation and industrial infrastructure projects.
