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. INR 2,000 crore. This is in line with the company’s ambition to retain and further consolidate its position as a market leader in the long 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. The company now intends to ramp-up its steel manufacturing capacity of its plant at Sambalpur, Orissa in a phased manner and is focusing mainly on long products.

According to Mr Udit Rathi, CEO, Rathi Steel & Power, “We aim to be a market leader in long products of steel and foresee a strong demand in the coming years from the infrastructure and real estate sector. Our Plant in Orissa is strategically located in Dist. Sambalpur and proximity to major raw materials viz. Iron Ore, and Coal provides us with a competitive edge. The company has already obtained a letter of assurance and will soon be entering into a fuel supply agreement for long term linkage of coal with Coal India Ltd. Further the company is also in the process of obtaining long term linkage for iron ore.” added Mr. Udit Rathi.

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