Rasi Electrodes Share Price

Rasi Electrodes Limited was incorporated as a Private Limited Company in 1994 and in same year, it was converted into a Public Limited Company. Promoters of the Company are B Popatlal Kothari and B Ranjit Kumar Kothari and their Associates. Company is a Small Scale industries registered under MSME category. Company is having manufacturing plants for the manufacture of Arc Welding Electrodes, Copper Coated Mild Steel (CCMS) Wire and Drawn Wire used for the purpose of welding by the Engineering and Fabrication industries. Company trades by importing rutile and Flux on a regular basis. The demand for Companys products depends upon the robustness of demand in the engineering and capital goods industries in the Country.The company commenced commercial production of welding electrodes in the month of January 1995.The phase I of the project for a production capacity of 900 tons per annum was completed. The companys plant is located at Upparapalayam Village which is near to Madras.The company came out with the public issue of 20.60 lakhs equity shares of Rs 10 each for cash at par aggregating to 206 lakhs for expanding the existing manufacturing capacity of welding electrodes from 900 tons per annum to 3300 tons per annum.In 2015, the Company installed imported plant and machinery for the manufacture of CCMS Wire with an installed capacity of 1800 MTPA and later increased to 3300 MTPA in 2016.