Azad Engineering: Stock jumps 3.5% after signing ₹651 Cr contract with Mitsubishi Heavy Industries
News by Aliceblue News Desk
29 Sept 2025
Introduction
Leading Indian engineering firm has signed a $73.47 million (₹651 crore) long-term contract with Mitsubishi Heavy Industries, Japan, to supply advanced turbine airfoils, raising total contract value with Mitsubishi to $156.36 million (₹1,387 crore).
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Share price movement of Azad Engineering
On September 29, 2025, Azad Engineering Ltd opened at ₹1,607.05, up 3.26% from its previous close of ₹1,556.95. The stock touched a high of ₹1,624.45 and a low of ₹1,577.45. By 11:12 AM, it traded at ₹1,584.00, a 1.74% increase, with a market cap of ₹10,229.75 crore.
Azad Engineering Signs $73.47M (₹651 Cr) Contract with MHI
Azad Engineering Limited has signed a new Long Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited, Japan. The contract is valued at USD 73.47 million (₹651 crores).
The agreement covers supply of highly engineered and complex rotating and stationary airfoils for advanced gas and thermal power turbine engines. The contract is incremental to a previous November 2024 agreement.
This Phase 2 contract strengthens Azad Engineering’s strategic relationship with Mitsubishi Heavy Industries. With this addition, the combined contract value now stands at USD 156.36 million (₹1,387 crores). The contract tenure is five years.
Stock performance of Azad Engineering for Period of 1 week, 6 months, and 1 year
Azad Engineering Ltd delivered a -4.77% return over the past week. The stock gained 11.7% in the past six months and rose 4.08% over the past year.
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Shareholding pattern of Azad Engineering
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 |
| Promoter | 55% | 60% | 66% |
| FII | 16% | 14% | 10% |
| DII | 8.90% | 8.20% | 6.60% |
| Public | 19.50% | 17.20% | 17.60% |
About Azad Engineering
Azad Engineering Ltd (NSE: AZAD), incorporated in 1983, manufactures aerospace components and turbines. It supplies products to OEMs across aerospace, defense, energy, and oil and gas industries, serving both domestic and international markets.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Azad Engineering share price going up today?
A: Azad Engineering share price is rising after signing a $73.47 million (₹651 crore) long-term contract with Mitsubishi Heavy Industries, Japan.
Q: What does Azad Engineering Ltd specialize in?
A: Azad Engineering Ltd specializes in manufacturing aerospace components and turbines, supplying OEMs in aerospace, defense, energy, and oil and gas sectors.
Q: What is the 52-week high and low of Azad Engineering stock?
A: The 52-week high of Azad Engineering stock is ₹1,928.00, and the 52-week low is ₹1,128.40.
News Author
Aliceblue News Desk
