This Smallcap Steel Stock Climbs 5%; What’s Driving the Rally?

Rathi Steel and Power shares moved higher on April 21, 2026, rising 5.22 per cent to trade at Rs 23.57 as of 2:47 PM, compared to its previous close of Rs 22.40. The broader market also remained positive, with the Nifty 50 trading 0.75 per cent higher during the session.

GreenPro Certification Drives Momentum
The company announced that it has been awarded the GreenPro Ecolabel Certification by the Confederation of Indian Industry (CII) for its Rathi Powertech brand of TMT rebars manufactured at its Ghaziabad facility. This certification applies specifically to Fe 550 grade TMT rebars and highlights the company’s focus on sustainable manufacturing practices.
The GreenPro certification is a Type-1 ecolabel that serves as a benchmark for environmentally responsible products. It enables builders and developers to earn credits for green building certifications such as LEED and IGBC, while also ensuring safer, non-toxic materials for end users.

Strengthening Green Steel Position
This development aligns with the broader industry shift towards “green steel” and reducing carbon footprints. The company has consistently invested in upgrading its manufacturing processes to support environmentally friendly operations. The certification further strengthens its positioning as a sustainable steel manufacturer while adding value for customers and stakeholders.

Management Commentary
Udit Rathi, Promoter, said:
“Achieving the GreenPro certification is a powerful validation of our unwavering commitment to sustainability and the future of green steel. We have continuously invested in upgrading our facilities to ensure that our operations and products are environmentally responsible and sustainable. This is a proud moment for our entire team. This milestone is even more important, as it extends benefits to our customers in terms of green certification compliances and branding.”

About the Company
Rathi Steel and Power Limited, headquartered in Ghaziabad, Uttar Pradesh, is a leading manufacturer of stainless steel and mild steel long products. Established in 1971, the company operates an integrated facility with a steel melting capacity of around 85,000 tonnes per annum and a rolling capacity of 2,00,000 tonnes per annum.
Its product portfolio includes stainless steel billets, wire rods, and TMT bars. Notably, it is India’s only stainless steel wire rod manufacturer using direct billet charging technology, which enhances energy efficiency and reduces carbon emissions.
The company has maintained a strong financial profile with minimal debt and a focus on cost efficiency and renewable energy integration. In FY25, it reported revenue of Rs 505.43 crore, EBITDA of Rs 24.31 crore, and profit after Tax of Rs 13.95 crore. Revenue for FY26 exceeded Rs 715 crore.

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Disclaimer: This article is for informational purposes only and not investment advice.