Announced Mon, 27 Jul · 11:46 IST
BIS Certification for Premium TMT Grades Opens Government and PSU Market
RHETAN · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹28.36
prior close
₹28.96
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.2+0.3+1.5——————————
Up moveDown movePending
AI summary
Rhetan TMT has received BIS certification for Fe500D, Fe550, and Fe550D grade TMT bars. This premium high-strength certification makes the company eligible to supply government and PSU infrastructure projects including highways, bridges, dams and metros. It opens a new addressable market previously out of reach and completes their premium product portfolio. India steel demand growing 8-9% annually.
Likely market impact
Opens large government and PSU infrastructure market; strengthens competitive position with premium grades.