Rathi Steel & Power gets approval from Bureau of Indian Standards
In a significant development, Rathi Steel and Power Limited has received approval from the Bureau of Indian Standards (BIS) to use the BIS Standard Mark on their Fe 500 Reinforcement Bars (8mm to 25mm). This notable achievement signifies the company’s adherence to national quality standards for their TMT bars, enabling optimal capacity utilization with their new product line and positioning them to meet the growing market demand.
The BIS license, valid until May 8, 2026, is a testament to Rathi Steel and Power’s commitment to quality and excellence. The company’s Fe 500 Reinforcement Bars have now been certified by the BIS, ensuring that they meet the prescribed standards and specifications. This development is expected to have a positive impact on the company’s operations, as it will enable them to utilize their production capacity more efficiently and effectively.
Rathi Steel and Power’s TMT bars are designed to meet the demands of various construction projects, including infrastructure development, residential buildings, and commercial complexes. The company’s products are known for their high strength, durability, and resistance to corrosion, making them an ideal choice for construction applications.
The BIS certification is a significant milestone for Rathi Steel and Power, as it demonstrates the company’s ability to produce high-quality products that meet national standards. This achievement is expected to enhance the company’s reputation in the market and increase customer confidence in its products.
Rathi Steel and Power’s success in obtaining BIS certification is also expected to have a positive impact on the company’s financial performance. With its new product line and expanded production capacity, the company is well-positioned to capitalize on the growing demand for TMT bars in the Indian construction industry.
The Indian construction industry is expected to continue its growth trajectory in the coming years, driven by government initiatives, urbanization, and infrastructure development. According to a report by Ken Research, the Indian TMT bar market is expected to grow at a compound annual growth rate (CAGR) of 10.5% during the period 2020-2025, driven by increasing demand from the construction industry.
Rathi Steel and Power’s BIS certification and expanded product line are expected to position the company as a key player in the Indian TMT bar market. The company’s commitment to quality and excellence is expected to help it maintain its market share and capitalize on the growing demand for TMT bars.
In conclusion, Rathi Steel and Power’s approval from the Bureau of Indian Standards is a significant achievement that demonstrates the company’s commitment to quality and excellence. The BIS certification is expected to enhance the company’s reputation, increase customer confidence, and position it to capitalize on the growing demand for TMT bars in the Indian construction industry.
