Temporary closure of commercial operations of Steel Melting Shop of the Company pursuant to Order of Commission of Air Quality Management in National Capital Region and Adjoining Areas
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Rathi Steel & Power has been ordered by the Commission for Air Quality Management in NCR and Adjoining Areas to temporarily shut down its Steel Melting Shop at Ghaziabad, Uttar Pradesh, effective October 28, 2025. The order cites higher particulate matter levels and other alleged violations, though the company disputes the claims, noting there is no Boiler in the Steel Melting Shop as alleged and that the order was issued without a hearing. The company plans to pursue legal remedies to contest the order. The financial impact on operations is yet to be quantified, and the Steel Melting Shop produces an intermediate product used in the company's final output.
This regulatory shutdown will disrupt production of an intermediate input for the company's final products, with the duration and revenue impact currently uncertain, creating short-term operational uncertainty. Shareholders should watch for updates on the legal challenge and the duration of the closure.