New Delhi, May 12 -- Shares of Rathi Steel and Power Limited surged 7 percent in intra-day trading on Monday, May 12, following a regulatory filing announcing that the company has received a prestigious certification from the Bureau of Indian Standards (BIS), India's national standards authority. The development marks a significant step forward for the company's manufacturing operations and product credibility in the infrastructure space.

The BIS has granted Rathi Steel a license to use the BIS Standard Mark on its Fe 500 Reinforcement Bars, categorized under the title "High Strength Deformed Steel Bars and Wires for Concrete Reinforcement, Fe 500." The approval covers nominal bar sizes ranging from 8 mm to 25 mm in diameter and pertains...