Sambhv Steel Tubes stock in focus on inking PLI MoU with government for speciality steelSambhv Steel Tubes stock in focus on inking PLI MoU with government for speciality steel

Introduction

Leading specialty steel manufacturer signed an MoU with the Ministry of Steel for PLI Scheme 1.2, committing ₹361.75 crore to expand stainless and alloy steel production.

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Share price movement of Sambhv Steel

On February 10, 2026, Sambhv Steel Tubes Ltd opened at ₹98.86, up 2.34% from its previous close of ₹96.57. The stock touched a high of ₹98.86 (2.34%) and a low of ₹96.25 (-0.33%). By 11:36 AM, it traded at ₹97.61, a 1.08% increase, with a market capitalisation of ₹2,876.29 crore.

Sambhv Steel Signs PLI MoU

Sambhv Steel Tubes Limited and its wholly owned subsidiary Sambhv Tubes Private Limited signed a Memorandum of Understanding with the Ministry of Steel, Government of India, on February 9, 2026.

The MoU is for participation in the Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel, involving capacity addition for manufacturing stainless steel sheets and alloy steel rolled long products.

The total committed investment is ₹361.75 crore across financial years 2025-26 to 2027-28, with combined annual production capacities of 116,000 tonnes for stainless steel sheets and 24,000 tonnes for alloy steel.

Stock performance of Sambhv Steel for the period of 1 week, 1 month, and 6 months

Sambhv Steel Tubes Ltd delivered a 4.30% return over the past week, gained 3.80% over the past month, and declined 20.6% over the past six months.

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Shareholding pattern of Sambhv Steel

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	56.20%	56.20%	56.10%
FII	1.70%	2.30%	3.60%
DII	2.70%	3.00%	6.80%
Public	39.50%	38.50%	33.40%

About Sambhv Steel

Sambhv Steel Tubes Ltd (NSE: SAMBHV) manufactures ERW black pipes, tubes, and GI pipes using sponge iron, blooms, slabs, and hot rolled coil, serving the steel products industry.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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