Rathi Steel & Power has received an approval for Corporate Debts Restructuring (CDR) proposal in view of the fact that it will help the company to consolidate its position in the current adverse business environment. The board of company has approved for the same.
Rathi Steel & Power is engaged in manufacturing of Re-bars and Wire Rods which are broadly categorized as the Long Products in the Steel Industry. The main application of their products currently being manufactured is in the construction industry and various industrial applications.
