Rhetan TMT increases borrowing limits and starts solar power generation

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Rhetan TMT plans to raise its borrowing limit to ₹300 crore from ₹200 crore, subject to shareholder approval at its upcoming annual general meeting, to gain financial flexibility for expansion and future funding.
The company has started generating power from a new 1 MW captive ground-mounted solar project at its Gujarat manufacturing facility, which is expected to improve cost efficiency since energy accounts for about 20 per cent of its costs.
It has also received Bureau of Indian Standards certification for premium-grade Fe500D, Fe550 and Fe550D TMT bars, allowing it to supply these to government and PSU infrastructure projects across India.

Shareholder approval of the borrowing limit increase at the forthcoming annual general meeting.
Impact of the operational 1 MW solar project on the company's energy costs and margins.
Use of the new BIS certification to win government and PSU infrastructure orders.

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Named India · Gujarat · Bureau of Indian Standards · Rhetan TMT Ltd · Shalin Shah

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