# Rhetan TMT Shares Nears 52-Week High Following Major Business Milestones

> Shares of Rhetan TMT Limited rallied close to their 52-week high on Monday, July 27, following a new BIS license and the commissioning of solar power projects.

**Type:** article · **Category:** Market · **Published:** 2026-07-27 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/market/retana-tiemati-ke-sheyaron-men-joradara-teji-52-haphte-ke-uchcha-stara-ke-kariba-pahuncha-stoka-10942 · **Language:** English
**Tags:** Rhetan TMT, Stock Market, Steel Shares, BIS License, Solar Project

The domestic stock market witnessed strong buying interest in shares of iron and steel manufacturer Rhetan TMT Limited, which closed near its 52-week high mark on Monday, July 27. The sharp upward rally in the company stock was driven by key business developments, including regulatory approvals, fresh manufacturing licenses, and green energy initiatives that caught the attention of market participants.

## Securing Crucial Bureau of Indian Standards License
A major catalyst for the recent stock momentum was the official clearance from the Bureau of Indian Standards (BIS). Rhetan TMT successfully obtained the necessary manufacturing license to produce specialized high-strength reinforcement bars. The company officially stated in a regulatory filing to the BSE that it is now authorized to manufacture Fe500D, Fe550, and Fe550D-grade Thermo Mechanically Treated (TMT) bars, which are recognized as premium, high-strength, and high-ductility steel products.

## Trading Performance on the BSE
During the trading session on Monday, July 27, shares of Rhetan TMT advanced 2.47 percent to settle at Rs 29 per share on the Bombay Stock Exchange. The company recorded a total market capitalization of Rs 2,310.94 crore at the close of trade. Throughout the session, the stock fluctuated between an intraday high of Rs 30.22 per share and an intraday low of Rs 28.56 per share, reflecting active participation from investors.

## Solar Energy Project and Infrastructure Approvals
Alongside its core manufacturing updates, Rhetan TMT announced the successful commissioning of ground-mounted solar power projects across multiple locations on Monday. The firm confirmed receiving official registration from the Gujarat Energy Development Agency (GEDA) for this green energy initiative under the Gujarat Renewable Energy Policy, 2023. Additionally, the enterprise secured vital clearance from the National Highways Authority of India (NHAI) to lay an underground electrical cable traversing across the national highway.

Evaluating the broader historical performance, the stock touched its 52-week peak of Rs 33 per share on July 16, 2026, while registering a 52-week low of Rs 14.52 per share on July 30, 2025. The company currently maintains a return on equity (ROE) of 11.18 percent. Over shorter and longer horizons, the stock has delivered robust gains, generating close to an 8.7 percent return over the past month and approximately 70 percent over the past year.

## What this means for you
**Across India:** Investors tracking metal and infrastructure stocks should note how regulatory approvals and green energy initiatives can drive market momentum and asset revaluation.

## Questions & Answers

### 1. At what price did Rhetan TMT shares close on Monday?
Shares of Rhetan TMT closed 2.47 percent higher at Rs 29 per share on Monday.

### 2. What new manufacturing license did the company receive?
The company received a license from the Bureau of Indian Standards (BIS) to manufacture Fe500D, Fe550, and Fe550D-grade TMT bars.

### 3. What is the 52-week high and low for the stock?
The stock touched a 52-week high of Rs 33 per share on July 16, 2026, and a low of Rs 14.52 per share on July 30, 2025.

### 4. Which agency registered the company's solar power project?
The project received registration from the Gujarat Energy Development Agency (GEDA).

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