Rathi Steel and Power has planned to invest up to Rs 50 crore to set up a forward integration project at its existing facility at Ghaziabad. This facility will convert wire rods to downstream products like bright bars / wires etc.
This project is a strategic initiative which will enhance capacity utilization by consuming part of its existing production in-house. Additionally, it will enable the company to expand its domain of supply to sectors such as automotive (including EVs and batteries), defence, solar, engineering and household either directly or through B to B customers who will be using these products. The project will be implemented in phases at the company's existing site in Ghaziabad, Uttar Pradesh, based on technical and commercial feasibility as well as market conditions.
Rathi Steel & Power is engaged in manufacturing of Rebars and Wire Rods which are broadly categorized as the Long Products in the Steel Industry.
| Company Name | CMP |
|---|---|
| Tata Steel | 210.55 |
| JSW Steel | 1300.55 |
| SAIL | 197.00 |
| Jindal Stainless | 696.20 |
| APL Apollo Tubes | 1808.35 |
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