Rathi Steel & Power has received an approval for demerger / or hiving of both the Ghaziabad and Orissa Units of the company on slump sale basis to unlock the value and to arrive at long term viability solutions. The board of directors at its meeting held on June 09, 2016 has approved for the same. The above is subject to requisite approval by all stakeholders including lenders and all concerned statutory authorities etc.
Rathi Steel & Power is an India-based company engaged in the manufacturing of steel and stainless steel. The company markets its steel bars under the ‘RATHI’ brand name.