Sambhv Steel signs PLI MoU with Ministry of Steel for specialty steel

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.7%Reaction day

₹95.50

prior close

₹97.90

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+0.7% vs market

Iron & Steel Products peers, median of 94sector+0.2%+1.5% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

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AI summary

Sambhv Steel Tubes and its wholly owned subsidiary Sambhv Tubes Pvt Ltd signed an MoU with Ministry of Steel, GoI for PLI Scheme 1.2 for Specialty Steel. The company will add 1,16,000 TPA capacity for thin precision stainless steel sheets (0.18 to 0.4 mm) with Rs 181.75 Cr investment. Subsidiary will add 24,000 TPA capacity for alloy steel rolled long products with Rs 180 Cr investment. Total Rs 361.75 Cr to be deployed across FY26 to FY28.

Likely market impact

Significant capacity expansion backed by government PLI incentives, supporting long-term revenue growth.