Stock Below Rs 30: Small-Cap Steel Company Achieves Key Milestone With 1 MW Captive Solar Project; Power Generation Expected in August

Rhetan TMT completed installation of its 1 MW captive ground-mounted solar power project after securing regulatory approvals from Gujarat Energy Development Agency (GEDA) under the Gujarat Renewable Energy Policy, 2023, and approval from National Highways Authority of India (NHAI).

Commercial power generation is expected to commence by the end of the first week of August 2026.

The captive solar project aims to reduce energy costs at the Kadi, Gujarat manufacturing facility and improve operational efficiency.

Rhetan TMT shares rose 2.50% to Rs 29.06 on the announcement.