Introduction:
Engineering stocks surged as a leading firm secured a six-year, ₹811 crore contract with a global energy company. The deal includes manufacturing critical components for advanced turbine systems. This strengthens its market presence in high-performance manufacturing and precision engineering.
Share Price movement of Azad Engineering:
On January 30, 2025, Azad Engineering Ltd opened at ₹1,456.05. The stock hit a high of ₹1,540.00 up 7% from its previous close of ₹1,419.80 and a low of ₹1,451.35. Currently it is trading at ₹1,505.00 and market cap stood at ₹8,896.51 crore.
Azad Engineering signs new contract:
Azad Engineering Limited secured a six-year contract with Siemens Energy Global GmbH & Co. KG, Germany, worth €90.1 million (₹811 crore). It involves manufacturing and supplying mission-critical components like combustion commodities, cold blades, vanes, and machined parts. This strengthens Azad’s position in advanced turbine systems.
The contract does not include shareholding or related party transactions. Azad Engineering aims to expand its presence in essential industries through high-performance components. No nominee appointments, conflicts of interest, or share issuance are associated with this agreement.
This milestone enhances Azad’s partnership with Siemens Energy, reinforcing its precision engineering capabilities. The company continues to focus on global expansion and technological advancements. This agreement strengthens its market presence in high-performance manufacturing.
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Recent news About Azad Engineering :
On Jan 27, Azad Engineering secured a purchase order from Bharat Heavy Electricals Limited (BHEL) to supply advanced rotating airfoils for supercritical turbines. Approved by the Central Electricity Authority and NTPC, this project establishes Azad as an import substitute for high-precision components.
Stock performance of Azad Engineering for Period of 1 week, 6 months and 1 year:
Azad Engineering’s stock fell 5.17% in the past week, showing short-term volatility. Over six months, it declined 6.99%, reflecting moderate weakness. Despite this, the stock gained 55.8% over the year, indicating strong long-term growth.
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Shareholding pattern of Azad Engineering:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 65.9 | 65.9 | 65.9 |
FII | 9.98 | 9.74 | 9.69 |
DII | 6.57 | 5.74 | 3.44 |
Retail & others | 17.56 | 18.61 | 20.98 |
About Azad Engineering:
Azad Engineering (NSE: AZAD) specializes in precision manufacturing, producing high-performance components for aerospace, defense, and energy industries. The company focuses on advanced turbine systems, mission-critical parts, and global partnerships, strengthening its presence as a trusted supplier in essential industrial sectors.
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.