Grant of License by BIS w.r.t. Fe 500 Reinforcement Bars under title "High Strength Deformed Steel Bars and Wires for concrete reinforcement"- nominal sizes 8 mm, 10 mm, 12 mm, 16mm, 20 mm and 25 mm.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rathi Steel & Power has received a Bureau of Indian Standards (BIS) license (CM/L – 8700195219, dated May 9, 2025) to use the Standard Mark on Fe 500 High Strength Deformed Steel Bars and Wires for concrete reinforcement. The approval covers six nominal sizes: 8 mm, 10 mm, 12 mm, 16 mm, 20 mm, and 25 mm diameter. The license is valid until May 8, 2026. The company says this will help it make and test Fe 500 TMT bars, use existing capacity more efficiently, add a new product line, and serve the growing demand for these bars.
Positive for the company — the BIS certification allows Rathi Steel to expand its TMT bar product range and tap rising demand, which could support higher volumes and revenue. Short-term stock impact is likely modest since this is a routine compliance milestone rather than a major order win.