Rathi Steel & Power Gets Approval from Bureau of Indian Standards
Rathi Steel and Power Limited, a leading steel and power company, has recently received a significant milestone approval from the Bureau of Indian Standards (BIS). The company has been granted a license to use the BIS Standard Mark on their Fe 500 Reinforcement Bars (8mm to 25mm). This achievement signifies Rathi Steel’s commitment to adhering to national quality standards for their TMT bars, enabling optimal capacity utilization with their new product line.
The BIS license is valid until May 8, 2026, and this certification will undoubtedly position Rathi Steel & Power to meet the growing demand for high-quality TMT bars in the market. The company’s ability to meet the stringent BIS standards will provide assurance to customers, including builders, contractors, and architects, about the quality and reliability of their products.
Rathi Steel & Power’s Fe 500 Reinforcement Bars are widely used in the construction industry for various applications, including infrastructure projects, residential buildings, and commercial complexes. The company’s commitment to quality and customer satisfaction has always been a key aspect of their business strategy.
The BIS license is a significant achievement for Rathi Steel & Power, as it demonstrates the company’s ability to meet the national quality standards for their TMT bars. The BIS certification is a testament to the company’s quality control processes and manufacturing capabilities.
The approval from BIS will also enable Rathi Steel & Power to optimize their capacity utilization with their new product line. The company can now focus on increasing their production capacity to meet the growing demand for their high-quality TMT bars. This, in turn, will help the company to increase their revenue and profitability.
Rathi Steel & Power’s commitment to quality and customer satisfaction has always been a key aspect of their business strategy. The company has been working towards improving their manufacturing processes and quality control measures to ensure that their products meet the highest standards.
The company’s promoters have also been actively involved in buying shares of the company, which is a positive sign for the company’s growth prospects. According to a recent article published on DSIJ, the promoters of Rathi Steel & Power bought 1.37 crore shares of the company at a price below Rs 50 per share. This move has helped the company’s stock price to jump over 7 percent, making it a multibagger penny stock.
In conclusion, Rathi Steel & Power’s approval from the Bureau of Indian Standards is a significant milestone for the company. The BIS license will enable the company to optimize their capacity utilization with their new product line, position them to meet the growing demand for high-quality TMT bars, and provide assurance to customers about the quality and reliability of their products.
For Rathi Steel & Power, this achievement is a testament to their commitment to quality and customer satisfaction. The company’s ability to meet the national quality standards for their TMT bars will provide a competitive edge in the market, and their promoters’ buying spree is a positive sign for the company’s growth prospects.
