Introduction:
Leading aerospace manufacturer has secured a major agreement with Rolls Royce PLC to produce Civil Aircraft Engine components in India. This strategic partnership ensures the long-term supply of complex machined parts, reinforcing India’s growing role in global aerospace manufacturing and innovation.
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Share price movement of Azad Engineering:
On February 6, 2025, Azad Engineering Ltd opened at ₹1,530.00, up 3.85% from its previous close of ₹1,473.50. The stock reached a high of ₹1,557.45 (5.71%) and a low of ₹1,503.00. By 10:32 AM, it traded at ₹1,509.95, a 2.47% increase, with a market cap of ₹8,925.77 crore.
Azad Engineering Partners with Rolls Royce:
Azad Engineering Limited has signed a strategic agreement with Rolls Royce PLC to manufacture Civil Aircraft Engine components in India. The deal ensures the long-term supply of super-critical, complex machined parts, reinforcing India’s growing presence in global aerospace manufacturing.
The agreement, covering the engine program’s lifespan, highlights a deepening collaboration between the two companies. It underscores Azad Engineering’s expertise in precision engineering and strengthens Rolls Royce’s global supply chain. This partnership is expected to boost India’s aerospace sector significantly.
With this milestone deal, Azad Engineering solidifies its reputation in high-value aerospace manufacturing. The contract positions the company as a key supplier for critical aviation components, marking a significant step in India’s journey toward self-reliance in advanced engineering and aviation.
Recent news on Azad Engineering:
As of January 16, 2025, Azad Engineering Ltd announced a $112 million (₹960 crore) six-year agreement with GE Vernova International. The deal strengthens its position in the advanced gas turbine engine market, supplying critical airfoils for global power generation.
Stock performance of Azad Engineering for Period of 1 week, 6 months and 1 year:
Azad Engineering Limited experienced a slight decline of -1.54% over the past week and a 10.1% drop over six months. However, it saw a strong 49.2% increase in one-year returns, reflecting significant growth in the long term despite short-term fluctuations.
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Shareholding pattern of Azad Engineering:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 65.90% | 65.90% | 65.90% |
| FII | 10.00% | 9.70% | 9.70% |
| DII | 6.60% | 5.70% | 3.40% |
| Public | 17.60% | 18.60% | 21.00% |
About Azad Engineering:
Azad Engineering Ltd (NSE: AZAD), established in 1983, is a leading manufacturer of aerospace components and turbines. The company supplies high-quality products to OEMs in aerospace, defense, energy, and oil and gas sectors, specializing in precision engineering and advanced manufacturing.
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.
