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) to use the BIS Standard Mark on their Fe 500 Reinforcement Bars (8mm to 25mm). This prestigious recognition signifies that the company’s TMT bars adhere to the national quality standards, enabling optimal capacity utilization with their new product line and positioning them to meet the growing market demand.
The license, valid until May 8, 2026, is a testament to Rathi Steel and Power’s commitment to delivering high-quality products to its customers. With this approval, the company can now proudly display the BIS Standard Mark on their products, which is a symbol of quality and reliability.
The BIS license is a significant milestone for Rathi Steel and Power, as it demonstrates the company’s ability to meet the stringent quality standards set by the national standards body. The BIS Standard Mark is a hallmark of quality, and companies that bear this mark have undergone rigorous testing and inspection to ensure that their products meet the national standards.
The approval from BIS is expected to have a positive impact on Rathi Steel and Power’s business, enabling the company to increase its capacity utilization and meet the growing demand for high-quality TMT bars. The company’s expansion into new product lines and its commitment to quality will likely attract more customers and increase its market share.
Rathi Steel and Power’s focus on quality and customer satisfaction has been evident in its recent business developments. In recent times, the company has been aggressively expanding its product portfolio and increasing its production capacity to meet the growing demand for its products.
The company’s promoters have also been actively buying shares of the company, which is a positive sign for the company’s future prospects. As per a recent news report, the promoters of Rathi Steel and Power bought 13.70 lakh shares of the company at a price below Rs 50, which is a testament to their confidence in the company’s future prospects (Source: https://www.dsij.in/dsijarticledetail/promoters-bought-1370-lakh-shares-multibagger-penny-stock-below-rs-50-jumps-over-7-per-cent-heres-why-id001-48935-1).
The company’s commitment to quality and customer satisfaction has been recognized by various industry bodies and awards. Rathi Steel and Power has won several awards for its products and services, including the ‘Best TMT Bar’ award at the India Steel Awards 2020.
In conclusion, Rathi Steel and Power’s receipt of the BIS license is a significant development for the company, signifying its adherence to national quality standards and its commitment to delivering high-quality products to its customers. The company’s focus on quality, customer satisfaction, and expansion into new product lines is likely to position it for future growth and increase its market share.
