Rasi Electrodes (RASELECT) was incorporated in 1994 for manufacturing MMAW electrodes and marketing welding consumables under the brand name Rasi. It started its commercial production in December 1994.
The company manufactures products like mild steel electrodes, pipe welding electrodes, low hydrogen electrodes, stainless steel electrodes, cast iron electrodes, hard facing electrodes, low heat input welding alloys, CCMS wires, MIG/TIG wires, flux cored wires, SAW wires and flux, silver brazing wires, MIG/MAG machines, ..etc. These products have applications in industries such as iron and steel, cement, thermal power station, sugar, mines, chemical, fertilizer, paper and road transport. The major raw materials that the company uses are EQ wire and rutile which is procured form Tata, SAIL AND IRE.
The company markets its products through a chain of distributors spread across the country.
The factory is located at Chennai in Tamil Nadu. The installed capacity of the company is 3,300 MT per annum. The company exports its products to Singapore, Middle East countries, ..etc.
Rasi Electrodes posted a net profit of Rs 8.67 million for the year ended Mar. 31, 2007 on sales of Rs 97.96 million. Total income for the year stood at Rs 102.84 million. During the year, the company posted an EPS of Rs 2.55.