Archive · 2 Sep 2026
Rhetan TMT Seeks Larger Borrowing Capacity for Expansion
Rhetan TMT wants permission to raise up to ₹300 crore for its business plans.
This does not mean the company will borrow all of that money right away.
It may use the money later for expansion and other needs.
The company is considering a solar project to make some of its own electricity.
Energy currently makes up nearly 20% of its costs.
Rhetan TMT also wants to make higher-quality steel products.
These plans could help reduce costs and reach more customers.
Investors will watch whether the spending leads to higher sales and profits.
Rhetan TMT is proposing a borrowing limit of ₹300 crore to support expansion and other business needs.
The company says it would not necessarily borrow the additional ₹100 crore immediately.
Rhetan TMT plans a solar project because energy represents nearly 20% of its overall cost base.
The company is also targeting premium steel products to improve production costs and serve wider markets.
Rhetan TMT says its profit has grown at a 140% compound annual growth rate over the past five years.
- Who
- Rhetan TMT, whose Managing Director is Shalin Shah.
- What
- The company is proposing a ₹300 crore borrowing limit while planning a solar project and premium steel production.
- Why
- To fund expansion and other business needs, reduce energy-related costs over time, and expand the markets it can serve.
- Proposed borrowing limit
- ₹300 crore
- Additional borrowing capacity
- ₹100 crore
- Energy cost share
- Nearly 20% of the company's overall cost base
- Renewable-energy plan
- A solar project to provide greater control over a key operating input
- Product strategy
- Develop premium steel products
- Reported profit growth
- 140% compound annual growth rate over the past five years