Rathi Steel and Power soars on completing trial run of hot charging of MS billets
Rathi Steel & Power is currently trading at Rs. 19.64, up by 0.57 points or 2.99% from its previous closing of Rs. 19.07 on the BSE.
The scrip opened at Rs. 19.60 and has touched a high and low of Rs. 19.90 and Rs. 18.90 respectively. So far 46117 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.00 on 27-Jun-2025 and a 52 week low of Rs. 13.50 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 21.98 and Rs. 17.20 respectively. The current market cap of the company is Rs. 169.01 crore.
The promoters holding in the company stood at 41.30%, while Institutions and Non-Institutions held 8.78% and 49.92% respectively.
Rathi Steel and Power has undertaken trial run of the Hot Charging of Mild Steel (MS) Billets to the TMT Bar Mill on June 6, 2026. This technological milestone will be utilized to manufacture high-quality MS TMT Rebars of Fe 550 / Fe 550D grades. The implementation of the Hot Charging process allows transfer of hot billets from the continuous casting machine to the rolling mill. This drastically minimizes reheating requirements, leading to significant savings in fuel consumption and reduction of scale loss.
The trial run successfully yielded Fe 550D grade MS TMT Rebars, which are highly recognized in the infrastructure industry for their superior tensile strength, high ductility, and excellent seismic resistance capabilities and has growing demand from reputed real estate companies. This successful trial run marks a pivotal step forward in enhancing its operational efficiencies, reducing production costs, and strengthening its product portfolio to cater to the growing demands of India's infrastructure sector.
