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Rathi Steel and Power Achieves GreenPro Ecolabel Certification

Rathi Steel and Power, a prominent multibagger stock, will remain in focus after the company announced that it has been awarded the GreenPro ecolabel certification by the Confederation of Indian Industry (CII). Despite this achievement, the company's share price closed 2.09% lower, ending the session at ₹21.52 apiece on April 17.

GreenPro Certification Details

The company received the GreenPro ecolabel certification for its Rathi Powertech brand of TMT rebars manufactured at its Ghaziabad Unit. The GreenPro certification, a Type-1 Ecolabel, specifically applies to the Fe 550 grade of TMT rebars manufactured at Rathi Steel and Power's (RSPL) advanced facility in Ghaziabad. This recognition by CII GreenPro marks a significant milestone for RSPL, strengthening its dedication to sustainable production and environmental responsibility.

The advantages of the GreenPro certification extend equally to users and designers. RSPL's certified products contribute valuable credits toward both national and international green building certifications, such as LEED and IGBC, while promoting a toxin-free environment for end users. Additionally, for structural designers, the certification ensures superior-quality, long-lasting steel, simplifies due diligence, enhances cost efficiency, and helps speed up construction timelines. Overall, the GreenPro certification positions RSPL in line with global sustainability benchmarks, creating value for both stakeholders and the environment.

Comparison of Rathi Steel and Power's Share Price Trend

| Timeframe | Return | | --- | --- | | 1 month | 25% | | 3 months | -19% | | 6 months | -13.26% | | 1 year | -32.31% | | 5 years | 924% | | 10 years | 506.20% |

This accomplishment also reflects the broader industry transition toward "green steel" and lower carbon emissions. Since its inception, Rathi Steel and Power has continuously modernized its manufacturing processes to support eco-friendly industrial practices. The company's commitment to sustainability has been recognized through the GreenPro certification, which positions it in line with global sustainability benchmarks.

Achieving the GreenPro certification is a powerful validation of the company's unwavering commitment to sustainability and the future of green steel. The company has continuously invested in upgrading its facilities to ensure that its operations and products are environmentally responsible and sustainable. This milestone is even more important, as it extends benefits to customers in terms of green certification compliances, branding, etc., said Sh Udit Rathi, Promoter at Rathi Steel and Power Limited.