Azad Engineering share price rises 5% as it signs ₹452 crore pact with GE Steam Power-GMBH

Stock Market Today: Azad Engineering share price gained 5% in the morning trade on Monday, May 5, after the company announced signing a ₹452 crore pact with GE Steam Power-GMBH over the weekend.

Azad Engineering: Long-term agreement details

In its intimation to the exchanges, Azad Engineering said that it has signed a long-term supply Agreement with GE Steam Power GMBH, acting through GE Vernova, its power business based in Baden, Switzerland. The pact, as per Azad Engineering, is for the manufacture and supply of highly engineered and complex rotating and stationary airfoils for advanced nuclear, industrial and thermal power industries, meeting GE Vernova's global demand in the power generation and essential industries.

The period in which the order is to be executed, as specified by Azad Engineering in its release, stands at 6 years.

This current phase of the contract, as per Azad Engineering, is valued at approximately $53.5 million, which translates to around ₹452.48 crore. Azad Engineering said that it is a robust step towards cementing our everlasting strategic relationship with GE Steam Power GMBH.

Azad Engineering: Other developments

Azad Engineering remains in the news as a few days earlier, on April 29, 2025, Azad Engineering had announced the inauguration of a lean manufacturing facility. 

The exclusive lean manufacturing facility is at Azad Engineering's new plant in Tunikibollaram IP, Hyderabad. The facility was inaugurated in the presence of GE Vernova’s senior global leadership team, Azad Engineering had said. This facility will serve and support the supply of highly engineered and complex rotating and stationary airfoils for advanced nuclear, industrial and thermal power turbine engines.

Azad Engineering share price movement

Azad Engineering share price opened at ₹1585, on the BSE on Monday. At the time of opening, Azad Engineering share price was up 2% over the previous day's closing price of ₹1552.05. The small-cap stock thereafter gained to intraday highs of 1634.95, which translated into gains of more than 5% during the intraday trades.

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