It has been a successful journey for Rashmi Group in the business of manufacturing of steel and cement. With 40 years of experience, they have been colossal entity in the development of steel, cement and minerals. It also exports iron ore to South East Asian countries and China annually. Supported by the Government, it has been able to gaining high quality coal blocks and manganese reserve. But now the Group has been entangled in a controversy created by its rivals, but the Group is confident to come out unblemished.
Rashmi Group: as firm as steel:
Manufacturing steel and cement has also taught Rashmi Group how to be strong and firm at the face of crisis. The Group has been subjected to unwanted allegations by the S.E. Railways on tax evasion. Rashmi Metaliks has been accused freight evasion amounting to Rs. 132.00 crore. A penalty amount of 528.00 crore was imposed on the company by the railway authority. After which a demand notice has been issued against the company for an amount of 660.00 crore. Rashmi Group has filed a writ application in the Kolkata high court which then passed an interim order directing the railways to allow the company to continue with its loading operations.
Not to stop here, there is also involvement of CBI in the whole matter as rivals have fabricated a proceeding by the anti-corruption branch of the CBI. In this controversy the name of Rashmi Metaliks has been roped in as the co accused but the main accused is the railways and central excise officials. Also the case was lodged against a public servant and the directors and officials of Rashmi Group are not public servants. Hence the case has no weight.
Rashmi Group has been targeted with an agenda:
Now the main question may arise why Rashmi Group has been targeted like this. The towering success and establishment might have been enviable to many as business competition is a typical issue especially now when all are huddling with each other in the race of survival. When business competitors fail to perform fairly they try all the means in rage to harm their opponents. This time the adversaries of Rashmi Group have stooped to the level where they even engaged the CBI. But Rashmi Group is strongly dealing with all the odds, perhaps challenges in their long journey have made them as solid as steel.