Rathi Steel & Power to invest Rs 2000 crore on capacity expansion
Rathi Steel And Power Ltd. (formerly Rathi Udyog Ltd.), flagship company of the Delhi-based P.C. Rathi group, has planned to enhance the steel capacity of its Orissa plant to 1.2 MTPA at a project outlay of approx. Rs 2000 crore.
The latest move is in line with the company’s ambition to retain and further consolidate its position as a market leader in the vast segment of steel products.
The company’s existing operations are at Ghaziabad where it manufactures rebars, wire rods and value added stainless steel products.
Simultaneously, the company has recently commissioned Phase-1 of its integrated steel plant at Sambalpur (Orissa) comprising of sponge iron, captive power plant and steel melting shop to manufacture steel billets.