Rathi Steel & Power gets approval from Bureau of Indian Standards
Rathi Steel and Power Limited, a leading player in the steel industry, has received a significant approval from the Bureau of Indian Standards (BIS) that will enable them to take their business to the next level. The company has been granted a license to use the BIS Standard Mark on their Fe 500 Reinforcement Bars (8mm to 25mm), thereby signifying their adherence to national quality standards for their TMT bars.
This approval is a significant milestone for Rathi Steel and Power Limited, as it enables them to utilize their capacity more optimally with their new product line. The license is valid until May 8, 2026, giving the company a significant window to capitalize on the growing demand for high-quality steel products in the Indian market.
The Bureau of Indian Standards is the national standards body of India, responsible for establishing and maintaining standards for various products, including steel. The BIS Standard Mark is a widely recognized symbol of quality and reliability, and companies that receive this certification are considered to be among the best in their industry.
Rathi Steel and Power Limited’s Fe 500 Reinforcement Bars are used in a wide range of applications, including construction, infrastructure development, and other industries that require high-strength steel products. The company’s TMT bars are known for their superior quality and strength, making them an attractive option for builders, contractors, and other stakeholders in the construction industry.
The approval from the Bureau of Indian Standards is a testament to Rathi Steel and Power Limited’s commitment to quality and customer satisfaction. The company’s focus on quality has enabled them to establish a strong reputation in the market, and this latest approval is expected to further enhance their credibility and competitiveness.
The news of the approval has been welcomed by the company’s promoters, who have been actively buying shares of the company in recent times. According to a recent news report, the promoters have purchased 1,370 lakh shares of Rathi Steel and Power Limited, with the majority of the purchases made at prices below Rs. 50. This significant buying activity is seen as a strong vote of confidence in the company’s future prospects, and is expected to support the stock’s price growth in the coming months.
In conclusion, Rathi Steel and Power Limited’s approval from the Bureau of Indian Standards is a significant development that is expected to have a positive impact on the company’s business and stock performance. The company’s commitment to quality and customer satisfaction has enabled them to establish a strong reputation in the market, and this latest approval is expected to further enhance their credibility and competitiveness. With their new product line and BIS certification, Rathi Steel and Power Limited is well-positioned to meet the growing demand for high-quality steel products in the Indian market.
