Mishra Dhatu Nigam shares soar 9.6% after GE Aerospace S400 approval

$MIDHANI Mishra Dhatu Nigam Ltd (MIDHANI) jumped 9.6% on Thursday after the company announced it had secured Independent and International Metallic Material Laboratory (S400) approval from GE Aerospace. MIDHANI said it has become the first Indian firm to receive the prestigious S400 accreditation for a wide range of chemical, mechanical and metallurgical testing services. The approval positions the state-owned speciality steel and alloy maker as a qualified testing partner for GE Aerospace’s global supply chain. The development is expected to strengthen MIDHANI’s credentials in the aerospace materials sector and open new business opportunities with international OEMs. Investors responded positively to the news, driving the sharp rally in the stock.