Rathi Steel secures new order to supply stainless steel products

Rathi Steel has informed exchanges that it has secured an order to supply stainless steel products to Bansal Wire Industries. The total worth of the project is approximately Rs 7.8 crore.

"Company has received an order to supply stainless steel products to Bansal Wire Industries Limited, who are leaders in downstream applications of our products, of an approximate order value of Rs 7.8 Cr (including GST and considering value of base grade product category). The Company has received the said Order in normal course of business and the said transaction is not falling under related party transaction and is done on arm's length basis," the company said in a releas.

Recently, the company's steel melting unit in Ghaziabad was declared a Pioneer Unit under the "Industrial and Service Sector Investment Policy 2004" by the Government of Uttar Pradesh.