Announced Sat, 5 Sept, 2026 · 14:42 IST
Rhetan TMT explores entry into Corrosion Resistant Steel TMT Bars market
RHETAN · price
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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹25.42
prior close
₹26.69
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.0+0.0+0.0+10.2+4.6-0.6-5.5-10.3-19.0-34.3-31.5——
Up moveDown movePending
AI summary
Rhetan TMT has obtained a BIS licence to manufacture Fe500D, Fe550 and Fe550D grade TMT bars, strengthening its existing portfolio. The company is also exploring entry into Corrosion Resistant Steel (CRS) TMT bars, a value-added product for coastal and marine construction. Steps are preliminary, including feasibility evaluation, technology tie-ups and statutory approvals. No timelines or revenue projections disclosed.
Likely market impact
Positive diversification. BIS licence secured for new TMT grades. CRS entry still at feasibility stage with no committed timeline or revenue impact.