Ruchi Strips & Alloys has transferred its steel business as a going concern to its wholly owned subsidiary - RSAL Steel. The result of slump sale of the steel business was declared on March 05, 2011 following the ordinary resolution passed through postal ballot.
The key benefit envisaged from the hiving off the steel division is to enhance the potential to raise further funds and attract an investor for the growth of business and/or combining with a larger entity/strategic partner.
Ruchi Strips manufactures cold rolled full hard (CRFH) coils as per international standards, suitable for manufacturing of galvanized sheets of different applications. Cold rolled closed annealed steel (CRCA) coils & sheets of international standards, suitable for automobile application.
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