Rathi Steel and Power Limited commences implementation of cost optimisation project

Rathi Steel and Power Limited has commenced implementing Cost Optimisation Project. Almost all major equipment(s) related to the project have already been received at the site / expected to be received soon.

The project involves synchronising the steel casting and rolling process.

Once implemented and stabilised, the said project is expected to result in net savings of fuel and yield. It will also enhance sustainability by reducing Carbon Foot Print.

The company is targeting to commence Trial Runs of the said project in the month of May' 24. The subsequent stabilisation period may take further time.

There may also be some impact on production an the above project activities.

Shares of Rathi Steel and Power Limited was last trading in BSE at Rs. 62.37 as compared to the previous close of Rs. 63.64. The total number of shares traded during the day was 17982 in over 82 trades.

The stock hit an intraday high of Rs. 62.37 and intraday low of 62.37. The net turnover during the day was Rs. 1121537.00.

Source : Equity Bulls

Keywords

INE336C01016 RathiSteelandPower IronandSteel CostOptimisationProject