| Steel Manufacturing | Manufacture of stainless steel rebars, wire rods, billets, and TMT bars | Proprietary direct billet charging technology, low-cost and energy efficient manufacturing, strong brand in North India | B2B clients in infrastructure, railways, industrial sectors; B2C retail customers primarily in North India | Specialty stainless steel rebars and higher grade TMT bars (Fe 550 / 550D) | 505 | 100 | Sales through B2B contracts with construction and infrastructure firms plus B2C retail through dealer networks | Direct sales with negotiated contracts; tiered pricing based on volume and grade | Infrastructure demand, government spending, green steel demand, stainless steel market growth | Rathi Stainless Steel Rebars, Thermex TMT Bars, Stainless Steel Wire Rods |
