SAMBHVNSESambhv Steel Tubes LimitedMediumPositive
Announced Tue, 19 May · 20:26 IST

Disclosure under Regulation 30 of SEBI (LODR) Regulations, 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 Limited has received Consent to Establish from the Chhattisgarh Environment Conservation Board for setting up a new Cold Rolling Mill (Stainless Steel) manufacturing facility at their Unit-II in Village Kuthrel, District Raipur, Chhattisgarh. The facility will have a production capacity of 1,18,000 Metric Tonnes per annum. This approval comes from the Ministry of Environment, Forest and Climate Change dated May 14, 2026. The company had previously informed exchanges about this project in November 2025. The disclosure was delayed due to internal discussions and procedural formalities.

Likely market impact

This regulatory approval clears a key hurdle for the company's planned capacity expansion into stainless steel cold rolling, which could support future revenue growth once operational.