Rathi Steel and Power's Melting Unit Earns Pioneer Status

Rathi Steel and Power Limited’s steel melting unit in Ghaziabad has achieved prestigious recognition as a Pioneer Unit under the Government of Uttar Pradesh's "Industrial and Service Sector Investment Policy 2004." This accolade underscores the unit's vital role in the region's industrial development.

With this designation, Rathi Steel and Power Limited has successfully secured a significant refund of Rs. 4,71,47,847.12 (Rupees Four Crore Seventy-One Lac Forty-Seven Thousand Eight Hundred Forty-Seven and Paisa Twelve only) from the state government. This refund pertains to their Electricity Duty Exemption claim, boosting their operational efficiency.

The Pioneer Unit status is a testament to Rathi Steel and Power's unwavering commitment to industrial excellence. This recognition highlights their substantial contributions to Uttar Pradesh’s industrial landscape, enhancing their reputation in the sector.

The financial incentives received from the government will further stimulate Rathi Steel and Power's growth and expansion. It strategically positions the company for continued success in the steel manufacturing industry, fostering more significant development initiatives.

Rathi Steel and Power’s designation as a Pioneer Unit is a remarkable achievement, reflecting their dedication to innovation and excellence in the industrial sector. This milestone sets the stage for future advancements and sustained industrial growth in Uttar Pradesh.

News by Rahul Yelligetti