India's Rhetan TMT rises on BIS licence for additional TMT bar grades
07/09/2026 08:39
BUZZ-India's Rhetan TMT rises on BIS licence for additional TMT bar grades ** Shares of India's Rhetan TMT RHET.NS rise 5% to 26.69 rupees
** Company says it has obtained Bureau of Indian Standards licence to manufacture Fe500D, Fe550 and Fe550D grade Thermo Mechanically Treated (TMT) Bars, strengthening its product portfolio
** Adds that it has initiated preliminary steps to evaluate manufacturing Corrosion Resistant Steel (CRS) TMT bars, including exploring technology tie-ups and required regulatory approvals
** Stock up 9.8%, YTD
(Reporting by Payel Das in Bengaluru)