Rathi Steel and Power Ltd's steel melting unit declared as Pioneer Unit

Rathi Steel and Power Limited's steel melting unit at Ghaziabad has been declared as Pioneer Unit under "The Industrial and Service Sector Investment Policy 2004" of Govt. of Uttar Pradesh and pursuant to which we have received an amount 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 Govt. of Uttar Pradesh as Refund against our claim of Electricity Duty Exemption.

Shares of Rathi Steel and Power Limited was last trading in BSE at Rs. 53.02 as compared to the previous close of Rs. 49.26. The total number of shares traded during the day was 225953 in over 1157 trades.

The stock hit an intraday high of Rs. 54.18 and intraday low of 49.26. The net turnover during the day was Rs. 11970486.00.

Source : Equity Bulls

Keywords

INE336C01016 RathiSteelandPower IronandSteel PioneeUnit UttarPradeshGovernment ElectricityDutyExemption