Rhetan TMT Ltd.
14.91
INR
-0.78
(-4.97%)
Rhetan TMT Ltd.
BSE:RHETAN
(Bombay Stock Exchange)
Recent
price
14.91
P/E
ratio
157.67
div
yld
- -
ROIC.AI
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- Business
- Rhetan TMT Ltd. manufactures thermo-mechanically treated (TMT) bars and round bars primarily for use in construction projects including dams, bridges, residential and commercial towers, and infrastructure developments in Gujarat, India; TMT bars feature high yield strength (Fe 500 grade), superior tensile strength, earthquake resistance, super ductility, weldability, and corrosion resistance due to a tempered martensite outer core and fine-grain ferrite-pearlite inner core produced via a three-stage quenching and tempering process; round bars, made from high-quality mild steel, are available in various diameters for engineering components, forging, foundation bolts, and shaftings. The company operates a fully mechanized rolling mill with an installed capacity of 100-120 MT per day from its facility in Gujarat, targeting the construction and civil engineering sectors with products that ensure strong steel-concrete bonding through equidistant ribs. Incorporated on January 26, 1984, and headquartered at 7th Floor, Ashoka Chambers, Rasala Marg, Mithakhali, Ahmedabad, Gujarat, Rhetan TMT Ltd. (formerly Rhetan Rolling Mills Private Limited) lists on the BSE under ticker RHETAN.NS. In recent developments, the company appointed Yash Vishwanath Bodade and Paragkumar P. Raval as additional non-executive independent directors effective August 12, 2024, for five-year terms; approved related party transactions up to INR 200 crore each with affiliates including Ashoka Metcast Limited, Lesha Industries Limited, Ashnisha Industries Limited, Gujarat Natural Resources Limited, and Lesha Ventures Private Limited for FY 2025-26 involving purchase/sale of goods and services; continues the directorship of Non-Executive Director Ashok C. Shah, who attained age 75; and progresses a 2 MW solar power project at its Gujarat facility amid increased FII stake to 0.15% [Annual Report].