Azad Engineering shares surged 6% following the announcement of a Long-Term Supply Agreement with GE Vernova International LLC, USA. The six-year, $112 million (approx. INR 960 crore) deal solidifies Azad Engineering’s reputation as a leader in precision manufacturing.
Under the agreement, Azad Engineering will supply highly engineered, complex rotating and stationary airfoils for GE Vernova’s advanced gas turbine engines, supporting global power generation needs.
This partnership highlights Azad Engineering’s capabilities in delivering world-class components for cutting-edge gas turbines, further strengthening its market position and growth prospects.
Azad Engineering shares opened at ₹1,682.00, reaching a high of ₹1,733.15 and a low of ₹1,673.05 during the session. The stock remains below its 52-week high of ₹2,080.00 but significantly above its 52-week low of ₹642.40.
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