Shares of Azad Engineering Ltd surged greater than 7% on Monday, 05 Could after the corporate struck an settlement with GE Steam Energy GMBH to fabricate and promote stationary airfoils for energy technology.
In its regulatory submitting, the corporate stated, “Azad Engineering has signed a long-term provide settlement with GE Steam Energy GMBH performing via its, GE Vernova Energy enterprise based mostly in Baden, Switzerland for manufacture and provide of extremely engineered and sophisticated rotating and stationary airfoils for superior nuclear, industrial, and thermal energy industries, assembly GE Vernova world demand within the energy technology and important industries.”
The contract is valued at roughly USD 53.5 million.
On 29 April 2025, Azad Engineering introduced the launch of its devoted lean manufacturing facility at its new plant positioned in Tunikibollaram IP, Hyderabad.
Based on the corporate, the ability was inaugurated within the presence of GE Vernova’s senior world management crew. It’s designed to assist the manufacturing and provide of precision-engineered rotating and stationary airfoils utilized in superior nuclear, industrial, and thermal energy turbine engines.
On 20 June 2024 and 07 April 2025, the inventory reached a 52-week excessive of Rs 2,080.00 and a low of Rs 1,128.40.
At 12:30 pm, the shares of Azad Engineering have been buying and selling 6.38% greater at Rs 1,650.10 on NSE.
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