250% Return In 3 Years: Iron & Steel Stock Hits Fresh 52-Week High After Key Business Update

Shares of Rhetan TMT ended with gains after hitting their fresh 52-week high mark on Thursday, August 6. The bullish move in the stock came after the firm announced completion of all commissioning activities under an ongoing project. Rhetan TMT completed the installation of a 1 MW (AC) captive ground-mounted solar power project at its manufacturing facility in Kadi, Gujarat.

The iron & steel stock closed 1.8% higher at Rs 32.86 per share on BSE with a market capitalisation of Rs 2,618.53 crore on Thursday. The stock had touched an intraday high mark of Rs 33.41 per share and an intraday low mark of Rs 32.81 per share.

Rhetan TMT Business Update

The firm completed the testing and commissioning of its 1 MW (AC) Captive Ground-Mounted Solar Power Project. "The project has now achieved operational readiness, marking the culmination of the Company's renewable energy initiative. The project has successfully progressed through every stage of implementation-from statutory approvals and infrastructure development to installation, testing and commissioning-and is now fully prepared for commercial operation," stated the firm in its BSE filing.

The commissioning of the captive solar power generation is likely to help the company by improving operational economics by providing a stable and cost-efficient source of energy. "The project is expected to enhance operational efficiency, improve cost competitiveness and further strengthen the Company's commitment to sustainable manufacturing practices," read the BSE filing.

Rhetan TMT Share Price Trend

The stock closed higher on Thursday. Its share price touched its 52-week high mark of Rs 33.41 per share on August 6, 2026. The stock dipped to its 52-week low mark of Rs 16.46 per share on August 14, 2025. The stock dipped to its 52-week low mark of Rs 16.46 per share on August 14, 2025. The stock has a return on equity (ROE) of 11.18%. Its share price value has surged close to 20% in a month and around 251% in three years.

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