Rhetan TMT Limited was incorporated as Shivani Rolling Mills Private Limited on June 26, 1984 with the Registrar of Companies, Gujarat . Further, the Company name was changed from Shivani Rolling Mills Private Limited to Shree Ghantakarna Rolling Mills Private Limited on January 03, 1997 by the Registrar of Companies. Further, the name was changed from Shree Ghantakarna Rolling Mills Private Limited to Rhetan Rolling Mills Private Limited on September 12, 2018 and from Rhetan Rolling Mills Private Limited to Rhetan TMT Private Limited vide fresh Certificate of Incorporation on January 07, 2022 by the RoC, Ahmedabad. The status of the Company was changed to a Limited Company as 'Rhetan TMT Limited' vide certified on January 19, 2022 by the Registrar of Companies, Ahmedabad.
Promoted by Mr. Shalin Shah, the Company operates a Steel Rolling Mill with an aggregate installed capacity of 30,000 MTPA. It is an IS 1786: 2008 certified company and manufactures TMT Bars used in construction industry. Its products have been used in construction of dams, bridges, residential and commercial towers and major infrastructure projects in Gujarat. The plant is functional in Mehsana district of Gujarat.
In 1986, the Company commenced production of TMT bars at Manufacturing facility at Kadi, Dist. of Mehsana in Gujarat.
In 2001, the Plant was closed down due to financial constrain as well as unfavorable market conditions.
In 2017, Company applied to the UGVCL/ Industries' Commissio ...ner to re-consider it for eligibility under the Scheme.
Later in 2018, Company availed low-tension (LT) load of 13.33 KVA from Uttar Gujarat Vij Company Ltd (UGVCL) for carrying out modernization and overhauling of existing Plant and Machinery and for installation of new machinery at the factory site. It again availed high-tension (HT) load of 1500 KVA from Uttar Gujarat Vij Company Ltd (UGVCL) for Manufacturing.
In 2019, Company started the commercial production of TMT bars, making it functional.
The Company made an IPO of 80,00,000 Equity Shares of Rs 10 each by raising funds aggregating to Rs 56 Cr in August, 2022.
FAQs on Rhetan TMT Ltd
1. Can I buy Rhetan TMT Ltd from PL Capital? ›
Yes, you can invest in Rhetan TMT Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Rhetan TMT Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Rhetan TMT Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Rhetan TMT Ltd pay dividends? ›
Rhetan TMT Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Rhetan TMT Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Rhetan TMT Ltd. is ₹ 25.74 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Rhetan TMT Ltd ? ›
The 52-week high and low of Rhetan TMT Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
