SAMBHVBSESambhv Steel Tubes LtdMediumPositive
Announced Tue, 19 May · 20:49 IST

Disclosure under Regulation 30 of SEBI (LODR) Regulation, 2015- Receipt of Consent to Establish (CTE) for Cold Rolling Mill (Stainless Steel) Project at Kuthrel Unit- II.

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Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹110.00
prior close
₹110.52
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AI summary

Sambhv Steel Tubes Ltd has received Consent to Establish from the Chhattisgarh Environment Conservation Board for setting up a new Cold Rolling Mill (Stainless Steel) manufacturing facility. The project will have a production capacity of 1,18,000 Metric Tonnes per annum and will be located at Unit-II in Village Kuthrel, District Raipur, Chhattisgarh. This development follows an earlier intimation made to the stock exchanges on November 08, 2025. The company noted a delay in submitting this disclosure due to internal discussions and procedural formalities, but has now submitted it immediately upon completing the internal process.

Likely market impact

This approval clears a key regulatory hurdle for the company's planned capacity expansion in stainless steel products. For shareholders, this signals continued execution of growth plans, though the project is still in the establishment phase rather than operational.