Rhetan TMT Signs MOU for ₹250-300 Cr TMT Bar Procurement

Rhetan TMT Limited has entered into a Memorandum of Understanding (MOU) with Bajaj Tubular Products Private Limited for the procurement of TMT Bars. The MOU outlines a framework for Bajaj Tubular to procure approximately 20,000 Metric Tonnes (MT) of TMT Bars over a 24-month period. While the exact quantity is subject to individual purchase orders, the company estimates a broader commercial potential of ₹250-300 crore over the MOU's term. This development is seen as a strategic move to expand Rhetan TMT's customer base and market presence, potentially leading to recurring orders and supporting future business growth.