Azad Eng up 9.5%

Azad Engineering is up in the limelight today; from its close of Rs.1582.80, it opened 6.5% higher at Rs.1684.90, only to rise further to an intraday high at Rs.1732.55, up 9.5%. Its 52-week high and low stands at Rs.2080 and Rs.641.95 respectively.

The market is pretty enthused with its new order. It has signed a long-term supply agreement with US-based GE Vernova International to deliver complex rotating and stationary airfoils for advanced gas turbine engines.

This is a 6-year worth $112 million or around Rs.960 crore.

This is a significant step in strengthening its position in the advanced gas turbine engine market and these critical components aim to meet the evolving demands of the global power generation industry.