Azad Engineering Soars 8% on Landmark ₹811 Crore Siemens Energy Contract

Azad Engineering's stock surged 8% after securing a major ₹811 crore contract with Siemens Energy Global GmbH & Co. KG. The six-year agreement involves manufacturing and supplying critical turbine components, including combustion commodities and precision-machined parts. This deal not only strengthens Azad's position as a trusted supplier in the global energy sector but also showcases India's growing capabilities in high-precision engineering. The contract, valued at €90.1 million, is expected to boost Azad's global presence and reinforce its long-term partnership with Siemens Energy.
Source: Business Standard