On July 27, 2026, Rhetan TMT Limited reached two strategic milestones by commissioning a 1 MW captive solar power project and obtaining BIS certification for premium steel grades, as per the exchange filings.
These developments aim to enhance operational efficiency and expand market opportunities.
Rhetan TMT has completed the installation of a 1 MW ground-mounted solar power project at its Kadi facility in Gujarat. The project has received necessary approvals from the Gujarat Energy Development Agency and the National Highways Authority of India.
Testing is ongoing, with power generation expected to start by the end of the first week of August 2026. This project is set to optimise energy costs, offering long-term cost stability for the company.
The solar power plant will significantly reduce energy costs, a major input in steel manufacturing. This transition to renewable energy not only stabilises costs but also enhances the company's green credentials, appealing to institutional investors and large customers.
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Rhetan TMT has received a manufacturing licence from the Bureau of Indian Standards for high-strength, high-ductility TMT bars, including Fe500D, Fe550, and Fe550D grades. Previously limited to Fe500 grade, the company can now offer a broader range of high-grade construction steel products.
The new BIS certification enables Rhetan TMT to supply high-strength steel for major Indian infrastructure projects like highways, bridges, dams, and metro rail systems. This opens access to a large and prestigious market segment previously unavailable to the firm.
As of July 27, 2026, at 1:36 PM, Rhetan TMT share price on NSE was trading at ₹29.01, up by 2.33% from the previous closing price.
Rhetan TMT's commissioning of a 1 MW solar power project and BIS certification for premium steel grades positions the company for enhanced cost efficiency and expanded market access. These developments align with India's growing infrastructure demand, with domestic steel consumption increasing at 8-9% annually.
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Published on: Jul 27, 2026, 2:15 PM IST
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