Rathi Steel & Power gets approval from Bureau of Indian Standards
In a significant development, Rathi Steel and Power Limited has received the coveted approval from the Bureau of Indian Standards (BIS) to use the BIS Standard Mark on their Fe 500 Reinforcement Bars (8mm to 25mm). This marks a major milestone for the company, as it signifies adherence to national quality standards for their TMT bars. The BIS license is valid until May 8, 2026.
The approval is a testament to Rathi Steel and Power’s commitment to excellence and quality, as it ensures that their products meet the rigorous standards set by the BIS. The company’s Fe 500 Reinforcement Bars (8mm to 25mm) are now eligible to carry the prestigious BIS Standard Mark, which is a mark of quality and reliability.
This development is significant for several reasons. Firstly, it enables optimal capacity utilization with the new product line, which is a major boost for the company’s production capabilities. Secondly, it positions Rathi Steel and Power to meet the growing demand for high-quality TMT bars in the market. The license also opens up new opportunities for the company to expand its customer base and increase its market share.
The BIS is a national organization responsible for the development and implementation of standards for products and services in India. The BIS Standard Mark is a recognized symbol of quality and excellence, and it is awarded to products that meet the stringent standards set by the organization. To obtain the BIS license, companies must undergo a rigorous process of testing and evaluation, which ensures that their products meet the required standards.
Rathi Steel and Power’s achievement is a reflection of the company’s dedication to quality and its commitment to providing high-quality products to its customers. The company’s Fe 500 Reinforcement Bars (8mm to 25mm) are used in a wide range of applications, including construction, infrastructure development, and other industries. The BIS license will enable the company to expand its reach and increase its market share, thereby enhancing its competitiveness in the industry.
The approval from the BIS is also a significant development for the company’s promoters, who have been actively involved in the company’s growth and development. The promoters have been instrumental in guiding the company’s strategy and ensuring that it adheres to high standards of quality and excellence.
In related news, the company’s promoters recently purchased a significant amount of shares in the company, which has led to a significant increase in the company’s stock price. As reported by DS Journal, the promoters purchased 1.37 crore shares of the company at a price below Rs 50, resulting in a jump of over 7% in the company’s stock price. This development has led to renewed interest in the company and has boosted its market value.
In conclusion, Rathi Steel and Power’s approval from the Bureau of Indian Standards is a significant achievement that reflects the company’s commitment to quality and excellence. The BIS license will enable the company to expand its reach and increase its market share, thereby enhancing its competitiveness in the industry. The company’s promoters have been instrumental in guiding the company’s strategy and ensuring that it adheres to high standards of quality and excellence.
