CDR Cell approves restructuring proposal of Rathi Steel & Power

Rathi Steel & Power’s proposal for restructuring of debt has been approved by Corporate Debts Restructuring (CDR) Cell as communicated via its letter dated September 24, 2013. The company had received board’s approval in February this year 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.