Rathi Steel & Power gets approval from Bureau of Indian Standards
In a significant development, Rathi Steel and Power Limited has received the approval from the Bureau of Indian Standards (BIS) to use the BIS Standard Mark on their Fe 500 Reinforcement Bars (8mm to 25mm). This achievement is a testament to the company’s commitment to quality and adherence to national standards in the production of TMT bars.
The BIS license, which is valid until May 8, 2026, enables Rathi Steel and Power Limited to use the prestigious BIS Standard Mark on their products, signifying their compliance with the national quality standards. This certification is a significant milestone for the company, as it demonstrates their dedication to producing high-quality products that meet the expectations of their customers.
The BIS Standard Mark is a symbol of excellence and quality, and it is a coveted certification in the Indian manufacturing industry. The mark is awarded to products that meet the stringent quality standards set by the BIS, and it is a testament to the company’s ability to produce products that meet the highest standards of quality, safety, and reliability.
The approval from the BIS is a significant development for Rathi Steel and Power Limited, as it enables them to expand their product portfolio and meet the growing demand for high-quality TMT bars in the Indian market. The company’s Fe 500 Reinforcement Bars (8mm to 25mm) are designed to meet the requirements of various construction projects, including residential, commercial, and industrial buildings.
With the BIS approval, Rathi Steel and Power Limited is now positioned to capitalize on the growing demand for high-quality TMT bars in the Indian market. The company’s products are designed to meet the requirements of various construction projects, including residential, commercial, and industrial buildings. The approval from the BIS is expected to enhance the company’s reputation and credibility in the market, and it is likely to drive growth and expansion for the company.
The BIS approval is also expected to enable Rathi Steel and Power Limited to optimize their capacity utilization with their new product line. The company’s Fe 500 Reinforcement Bars (8mm to 25mm) are designed to meet the requirements of various construction projects, and the approval from the BIS is expected to enable the company to produce more products and meet the growing demand in the market.
In addition to the BIS approval, Rathi Steel and Power Limited has also been making significant progress in terms of their financial performance. According to a recent article by DSIJ, the company’s promoters recently bought 13.70 lakh shares of the company, valuing at approximately Rs 137 crore, below the market price of Rs 50 per share. This significant investment by the promoters is a testament to their confidence in the company’s growth prospects and their commitment to driving the company’s success.
The article by DSIJ also highlighted that the company’s stock has jumped over 7% recently, driven by the company’s strong financial performance and the approval from the BIS. The company’s financial performance has been impressive, with its revenue growing significantly in recent years. The company’s net sales have grown by over 30% in the last fiscal year, driven by the strong demand for its products and the company’s efforts to expand its market presence.
In conclusion, the approval from the Bureau of Indian Standards is a significant development for Rathi Steel and Power Limited. The company’s Fe 500 Reinforcement Bars (8mm to 25mm) are designed to meet the requirements of various construction projects, and the approval from the BIS is expected to enhance the company’s reputation and credibility in the market. The company’s financial performance has also been impressive, with its revenue growing significantly in recent years. With the BIS approval and the company’s strong financial performance, Rathi Steel and Power Limited is well-positioned to meet the growing demand for high-quality TMT bars in the Indian market.
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