UP-Based Metal Stock Zooms Over 9.4% On Securing BIS Certification For TMT Bars

Monday saw Rathi Steel and Power Limited's shares surge by 7% in intra-day trading after the firm received a notable certificate from the Bureau of Indian Standards (BIS). This achievement highlights the firm's dedication to maintaining industry standards and aims to improve its overall standing in the infrastructure and construction industries.

Rathi Steel disclosed its new fruition in a regulatory filing, stating that it has now been awarded the BIS license to use the Standard Mark for Fe 500 grade TMT bars, which constitute High Strength Deformed Steel Bars and Wires for Concrete Reinforcement. The license covers nominal bar diameters from 8 mm to 25 mm. Besides being a quality standard, the certificate broadens the company's capability to manufacture and test various reinforcement bars.

License (CM/L-8700195219) issued with no penalties, suspensions, or corrective actions taken. Rathi Steel noted this certification would permit the optimization of the existing facilities and would serve as a foundation for more product lines to be added in the future to meet the increasing market supply for certified construction materials.

In response to the developments, the market reacted favorably with the stock increasing to a value of Rs 30.65, which is a 9.4% gain during intra-day trading. Despite the increase, the stock remains 69% lower than the 52-week high of Rs 97.81 in July 2024. The stock also reached a 52-week low of Rs 24.50 in March 2025, showing the smaller volatility the stock has had recently.

It is within these explanations that the company also began the commercial operations of its Steel Melting Shop, also located in Ghaziabad, on the 29th of April, which was disclosed to the market on the 15th of April. The unit is aimed at processing steel billets, which are a necessary feedstock for TMT bar production. The information was provided as part of the disclosures that are subject to SEBI regulations (30 and B of Part A of Schedule III of the LODR 2015).

Rathi Steel has delivered 650% returns over a five year period. This, in conjunction with the recent stock volatility, showcases the long-term reliability of the company. Mixed performance over the last few months has also taken its toll, as the company saw a downward spiral of 55% in its stock value over the past year, coupled with a 7.5% fall in April and a 2% dip in May, which is still ongoing. On better terms, however, the stock did see a 25% increase in March, which broke an eight-month losing streak.

Based out of Ghaziabad, Uttar Pradesh, Rathi Steel and Power Limited is one of India's most reputed metal manufacturers since 1971. Their product line features stainless steel billets, TMT bars, flats, wires, annealed wire rods, and bright bars among a plethora of other offerings. Their reach extends to dealers and retail shops all over the country. Known as Rathi Udyog Limited before rebranding in March of 2008, the company has made a mark for itself.

The company is poised to advance their adaptable infrastructure while being industialized, now capable of receiving the BIS certification. The added facilities will further aid them in fortifying their capabilities while simultaneously helping with the manufacturing of other parts of India's infrastructure.