Stock Below Rs 40: This Small-Cap Steel Stock Completes 1 MW Captive Solar Power Project; Check Details

On Thursday, Indian equity benchmark indices ended marginally higher, with the benchmark Nifty 50 index gaining 11.35 points, or 0.05 per cent, to 24,636.00. Amid the positive market sentiment, Rhetan TMT share price rose 1.73 per cent to Rs 32.85 after the company announced the successful completion of the testing and commissioning of its 1 MW (AC) Captive Ground-Mounted Solar Power Project.

Rhetan TMT 1 MW Captive Solar Project Achieves Operational Readiness

Rhetan TMT Ltd informed the stock exchanges that it has successfully completed the testing and commissioning of its 1 MW (AC) captive ground-mounted solar power project, in continuation of its earlier update dated July 27, 2026.

The company stated that the project has achieved operational readiness, marking the successful completion of its renewable energy initiative. According to the filing, the project has progressed through all stages of implementation, including statutory approvals, infrastructure development, installation, testing and commissioning, and is now fully prepared for commercial operations.

Commercial Power Generation to Commence Shortly

Rhetan TMT expects commercial power generation from the solar project to commence shortly after completing the remaining operational formalities, if any. The company stated that power costs account for approximately 20 per cent of its overall cost base, and the captive solar project is expected to provide a stable and cost-efficient source of energy.

The company added that the project is expected to enhance operational efficiency, improve cost competitiveness, and further strengthen its commitment to sustainable manufacturing practices. It also said it would keep the stock exchanges informed of any further material developments regarding the project.
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About Rhetan TMT

Rhetan TMT Ltd is engaged in the manufacturing and trading of TMT bars and steel products, catering primarily to the Construction and infrastructure sectors. The company is focused on improving operational efficiency while integrating sustainable manufacturing initiatives into its operations.

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Disclaimer: The article is for informational purposes only and not investment advice