Azad Engineering signs 7 year contract worth $35 Mn

Azad Engineering has signed a7 year Strategic contract with the Steam Power business of GE Vernova for the supply of high-complex rotating airfoils for Nuclear, Industrial and Thermal power industry. This transformative collaboration brings an agreement that is valued around USD 35 million for a period of 7 years on March 13, 2024.

Shares of Azad Engineering Limited was last trading in BSE at Rs. 1218.30 as compared to the previous close of Rs. 1282.40. The total number of shares traded during the day was 12090 in over 1031 trades.

The stock hit an intraday high of Rs. 1299.55 and intraday low of 1218.30. The net turnover during the day was Rs. 14884169.00.

Source : Equity Bulls

Keywords

AzadEngineering INE02IJ01035 HeavyElectricalEquipment OrderWin