Astral Limited has made a landmark achievement with the Bureau of Indian Standards (BIS) certification for its Oriented Polyvinyl Chloride (OPVC) pipes, meant for water supply systems. This certification under the Indian Standard IS 16647:2017, attests to Astral's dedication towards quality and adherence to rigorous national standards.
Key Highlights:
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Certification Impact: Certification by BIS is likely to improve Astral's market stature and increase the reach of its products, resulting in revenue increases.
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Quality Assurance: Certification makes sure that the OPVC pipes of Astral are safe and of the requisite quality, so consumers can obtain trustworthy products.
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Market Strategy: Astral keeps concentrating on broadening its activity in the field of water management, using its patented technology for producing OPVC pipes and fittings.
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Future Plans: The firm is also going to expand its manufacturing capacity further with new units under construction in Hyderabad and Kanpur, with the goal of putting them on stream this fiscal year.
This move makes Astral a market leader in the piping business, with a focus on quality and innovation. The certification will most likely be beneficial for Astral's stock performance, as it enhances investor confidence regarding the growth prospects of the company.
Sources: BusinessUpturn, CNBC-TV18, BIS Website