Rathi Steel & Power gets approval from Bureau of Indian Standards
In a significant development, Rathi Steel and Power Limited has received the coveted license from the Bureau of Indian Standards (BIS) for its Fe 500 Reinforcement Bars (8mm to 25mm). This prestigious certification allows the company to use the BIS Standard Mark on their TMT bars, signifying adherence to national quality standards. This development is expected to have a positive impact on the company’s operations, enabling optimal capacity utilization with their new product line and positioning them to meet the growing demand in the market.
The BIS license is valid until May 8, 2026, and is a testament to Rathi Steel and Power Limited’s commitment to quality and customer satisfaction. The company’s Fe 500 Reinforcement Bars are now eligible to carry the BIS Standard Mark, which is a recognized symbol of quality and reliability in the Indian market.
With this certification, Rathi Steel and Power Limited has demonstrated its ability to manufacture high-quality TMT bars that meet the national standards for strength, ductility, and other critical parameters. The company’s products are now suitable for use in a wide range of construction projects, from residential buildings to large-scale infrastructure development projects.
The receipt of the BIS license is a significant milestone for Rathi Steel and Power Limited, as it enables the company to expand its product offerings and cater to the growing demand for high-quality steel products in the Indian market. The certification is also expected to enhance the company’s reputation and credibility among customers, which is likely to drive business growth and increase customer loyalty.
In addition to the BIS certification, Rathi Steel and Power Limited has also been recognized for its business acumen and market performance. In a recent development, the company’s promoters purchased 1.37 crore shares of the company at a price below Rs 50, which resulted in a significant jump of over 7% in the stock price. This move by the promoters is seen as a positive indication of their confidence in the company’s growth prospects and its ability to deliver value to shareholders.
The BIS license is a significant achievement for Rathi Steel and Power Limited, and it is expected to have a positive impact on the company’s operations and financial performance. The company’s commitment to quality and customer satisfaction is evident from its receipt of this prestigious certification, and it is likely to drive business growth and increase customer loyalty.
In conclusion, the receipt of the BIS license by Rathi Steel and Power Limited is a significant development that is expected to have a positive impact on the company’s operations and financial performance. The certification is a testament to the company’s commitment to quality and customer satisfaction, and it is likely to drive business growth and increase customer loyalty.
