RATHI STEEL & POWER LTD. - Announcement Under Regulation 30

We are pleased to inform that our steel melting unit at Ghaziabad has been declared as Pioneer Unit under "The Industrial and Service Sector Investment Policy 2004" of Govt. of Uttar Pradesh and pursuant to which we have received an amount of Rs. 4,71,47,847.12 from Govt. of Uttar Pradesh as Refund against our claim of Electricity Duty Exemption.