[SMM Stainless Steel Flash] India's Rathi Steel Achieves 41.8% Revenue Growth in FY26

Published: Apr 10, 2026 09:29

Save

Rathi Steel and Power Ltd announced a significant 41.8% jump in annual revenue, reaching Rs 7,167 million for FY26. The company’s strong performance was highlighted by a robust Q4 revenue of Rs 2,448 million. The growth was driven by steady demand for stainless steel long products and TMT bars. A key operational highlight is the company’s direct charging capability for wire rod production, which minimizes fuel consumption by feeding hot billets directly into the mill. While cautious regarding geopolitical shifts, the firm’s promoters remain optimistic about India’s long-term economic growth.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Stainless Steel Flash] LME Nickel Surges on Tight Ore Supply and Weaker Dollar

LME nickel futures jumped by US$354/ton to US$17,302/ton, while the spot price rose by US$349/ton to US$17,103/ton. LME-monitored inventories edged down by 138 tons to 281,358 tons. The rebound is primarily fueled by Indonesia’s tight nickel ore quotas (RKAB), which were capped at 190–200 million tons, signaling constrained supply at the mining level. A weaker US dollar, following a two-week Middle East ceasefire, further bolstered prices. However, high refined nickel inventories and ample NPI supply, coupled with slower-than-expected demand recovery in China’s stainless steel and EV sectors, suggest that nickel prices will remain volatile in the short term.

2 hours ago

19 hours ago

Data: SHFE, DCE market movement (Apr 09)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Apr , 2026

19 hours ago

20 hours ago

【SMM Flash News】 Nickel Industries Recommences Operations at Hengjaya Mine Following ESDM Investigation

Nickel Industries Limited has announced the resumption of mining activities at its Hengjaya Mine in Indonesia after the Ministry of Energy and Mineral Resources (ESDM) successfully concluded its investigation into a recent site accident. While mining operations have restarted to ensure ore supply, the company and its partner, PT Fajar Metal Industry, are continuing to coordinate closely with authorities to safely recommence construction on the specific segment of the ENC transmission lines where the incident occurred. This restart marks a key step in normalizing operations for one of the region’s primary nickel assets following the temporary suspension in late March.

20 hours ago