Rama Steel Tubes Limited has signed a Memorandum of Understanding (MOU) with the Government of Uttar Pradesh for setting up of Steel Processing Unit including MS Pipes, STP Poles, Gl Pipes, CR Coils, GP Coils, Colour Coated Coils. Under this MOU the proposed lnvestment will be of INR 6,000 million to be invested in phased manner. Further, the favourable business environment and the special incentive packages offered by the U.P. government will additionally help the company to strengthen its position in the steel tubes & Pipes lndustry.