AZAD Engineering Ltd signs long term supply agreement with GE Steam Power GMBH

AZAD Engineering Limited has signed a Long Term Supply Agreement with GE Steam Power GMBH acting through its, GE Vernova Power business based in Baden, Switzerland for manufacture and supply of highly engineered and complex rotating and stationary Airfoils for advanced nuclear, industrial, and thermal power industries, meeting GE Vernova global demand in the power generation and essential industries. This current phase of the contract, valued at ~ USD ($) 53.5 M (INR ~ 452.48 Crores) is a robust step towards cementing our everlasting strategic relationship with GE Steam Power GMBH.

Shares of Azad Engineering Limited was last trading in BSE at Rs. 1552.05 as compared to the previous close of Rs. 1581.80. The total number of shares traded during the day was 20828 in over 1553 trades.

The stock hit an intraday high of Rs. 1584.00 and intraday low of 1541.15. The net turnover during the day was Rs. 32410809.00.

Source : Equity Bulls

Keywords

AzadEngineering INE02IJ01035 HeavyElectricalEquipment LongTerm SupplyAgreement GESteamPowerGMBH GEVernovaPowerBusiness