Rs 4,500 crore order book: Gas turbine engines manufacturer inks deal with Rolls-Royce PLC, London; United Kingdom

The stock is up by 73 per cent from its 52-week low of Rs 901 per share.

Azad Engineering Limited, Hyderabad, India, has signed a long-term agreement with Rolls-Royce PLC, London, UK, to manufacture civil aircraft engine components. Azad will produce and supply super-critical, complex machined parts for the engine program's lifespan. This deal expands the existing collaboration between the two companies in civil aircraft engine component manufacturing and underscores their shared dedication to innovation, precision engineering, and aerospace manufacturing excellence. The size of the order/contract is currently undetermined.

Earlier, the company secured a significant six-year contract with Siemens Energy Global GmbH & Co. KG to manufacture and supply mission-critical components for advanced turbine systems. Valued at EURO 90.1 million (Rs 811 crore), the agreement covers a range of high-performance parts, including combustion commodities, cold blades and vanes, and machined parts and assemblies. This milestone solidifies Azad's strategic partnership with Siemens Energy, establishing the company as a trusted supplier for essential industries.

Azad Engineering Ltd, founded in 1983, is a manufacturer of crucial components for the aerospace, defence, energy and oil and gas industries. Their expertise lies in creating highly engineered, complex and mission-critical parts like 3D rotating airfoils and blades for turbine engines, along with other vital components for gas, nuclear and thermal turbines. They supply these precision-forged and machined parts to leading global original equipment manufacturers (OEMs) including General Electric, Honeywell International, Mitsubishi Heavy Industries, Siemens Energy, Eaton Aerospace and MAN Energy Solutions SE.

The company has a market cap of over Rs 9,000 crore and as of September 30, 2024, the company has an order book worth Rs 4,500 crore. The stock’s 52-week high is Rs 2,080 per share and its 52-week low is Rs 901 per share. The stock is up by 73 per cent from its 52-week low of Rs 901 per share. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.