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Rama Steel Tube and its arm RST International FZE will jointly acquire UAE-based Automech Group Holding for ₹728 crore.
Rama Steel Tubes focuses on producing structural steel products that support large infrastructure and industrial projects. Whereas, AutoMech Group Holding designs and manufactures advanced metal-based engineering systems for global industrial clients.
The deets: under the deal, RST International FZE is acquiring 78% of Automech’s stake.
Rama Steel Tubes is buying the rest 22% for about ₹157 crore.
The remaining amount will be settled with new shares in RSTL, subject to approval.
With the completion of the transaction, Rama Steel Tubes and RST International will jointly hold 100% ownership of Automech Group Holding Limited and its eight operating companies.
The why: this acquisition helps Rama Steel Tubes expand into new regions as per company strategy, earn revenue from more sources, and work more efficiently across its global operations. Overall, the goal is to create long-term, sustainable growth.
Big theme: India-UAE trade and investment ties have strengthened sharply since the 2022 CEPA agreement, with Indian investments in Dubai rising to $4.1 billion and business activity accelerating across various sectors.
This momentum is visible in the 9,038 new Indian companies registered with the Dubai Chamber in early 2025 up 14.9% year-on-year. With this UAE, is now India’s third-largest trading partner with $100 billion in trade for 2024-25.
Indian Ministry of Commerce & Industry
