Announced Wed, 19 Aug · 18:04 IST
Rhetan TMT commences 1 MW captive solar power generation
RHETAN · price
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Price reaction · full curve 14 horizons · vs prior close
+12.0%1-day move
₹21.62
prior close
₹21.87
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.0-0.2-0.2+12.0—————————
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AI summary
Rhetan TMT has commenced power generation from its 1 MW (AC) captive ground-mounted solar power project at its Kadi, Gujarat manufacturing facility. The project successfully completed statutory approvals, infrastructure setup, installation, testing, and commissioning, and is now operational for captive use, supporting the company's renewable energy and sustainability strategy.
Likely market impact
Positive for shareholders as the company reduces power costs and adopts renewable energy, strengthening long-term manufacturing efficiency.