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) for their Fe 500 Reinforcement Bars (8mm to 25mm). This prestigious approval enables the company to use the BIS Standard Mark on their TMT bars, signifying their adherence to national quality standards. This milestone is expected to have a positive impact on the company’s operations, enabling optimal capacity utilisation with their new product line and positioning them to meet the growing market demand.
The BIS license is a testament to Rathi Steel and Power’s commitment to quality and customer satisfaction. The approval is valid until May 8, 2026, providing the company with a significant window to capitalize on the growing demand for high-quality steel products. The Fe 500 Reinforcement Bars, which are used in construction and infrastructure projects, are now eligible to carry the BIS Standard Mark, giving customers the assurance of a high-quality product.
The BIS is the national Standards Body of India, responsible for setting and implementing national standards for various products, including steel. The BIS certification is a mark of excellence, recognizing companies that meet the stringent standards set by the organization. The certification process involves rigorous testing and inspection of products, ensuring that they meet the required specifications and quality standards.
Rathi Steel and Power’s achievement is a significant milestone in the company’s journey, marking a major step towards becoming a leading player in the steel industry. The company’s commitment to quality and customer satisfaction has earned them a reputation for delivering high-quality products, and this approval is a testament to their dedication to excellence.
The BIS certification is expected to have a positive impact on Rathi Steel and Power’s operations, enabling the company to optimize its capacity utilisation with their new product line. The company can now focus on meeting the growing demand for high-quality steel products, which is driven by the government’s initiatives to boost infrastructure development and construction activities.
The Indian steel industry is rapidly growing, driven by the government’s initiatives to boost infrastructure development and construction activities. The industry is expected to continue its growth trajectory, driven by increasing demand for steel products from various sectors, including construction, automotive, and consumer durables. Rathi Steel and Power’s BIS certification is a significant step towards capitalizing on this growth opportunity, enabling the company to remain competitive in the market.
The company’s promoters have been instrumental in driving this growth, and their involvement in the company’s operations has been instrumental in its success. According to a recent news article, the promoters of Rathi Steel and Power have bought 1.37 crore shares of the company, valued at over ₹137 crore, at a price below ₹50 per share. This significant investment is a testament to the promoters’ confidence in the company’s growth prospects and their commitment to its success.
In conclusion, Rathi Steel and Power’s BIS certification is a significant milestone in the company’s journey, marking a major step towards becoming a leading player in the steel industry. The company’s commitment to quality and customer satisfaction has earned them a reputation for delivering high-quality products, and this approval is a testament to their dedication to excellence. With this certification, the company is well-positioned to capitalize on the growing demand for high-quality steel products and remains committed to meeting the evolving needs of its customers.
