AZAD ENGINEERING LTD.
NSE : AZADBSE : 544061ISIN
CODE : INE02IJ01035Industry : Engineering - Industrial EquipmentsHouse
: Private
BSE1274.603.5 (+0.28 % )
PREV CLOSE (Rs.) 1271.10
OPEN PRICE (Rs.) 1251.05
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 3011
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1274.80 2.05 (+0.16 % )
PREV CLOSE(Rs.) 1272.75
OPEN PRICE (Rs.) 1277.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 1274.80 (885 )
VOLUME 63010
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 10-May-2024 | Azad Engineering informs about asset purchase agreement | <div style="text-align: justify;">Azad Engineering has informed that Azad VTC (a Subsidiary Company of Azad Engineering) has entered into an asset purchase agreement and related documents with VTC Surface Technologies and V. Ravi Kumar for the purchase of certain assets of VTC Surface Technologies relating to offering advanced wear, corrosion and heat resistant coatings. These coatings are a critical application on the components which operates in extremely severe conditions for power generation, Aerospace & Defence and Oil and Gas. VTC Surface Technologies is approved to perform these coatings by OEMs that operate in power generation, Aerospace & Defence and Oil & Gas sectors. The acquisition is expected to complement and enhance the business of Azad Engineering offering complete turnkey surface coating solutions for its OEM customers.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;"><br></div> |
| 22-Mar-2024 | Azad Engineering to incorporate two subsidiaries | <p style="text-align: justify;">Azad Engineering has received an approval for the incorporation of two subsidiaries of the Company. The Board of Directors in their meeting held on March 21, 2024 has approved the same. The company will incorporate subsidiary ‘Azad VTC' with proposed authorized capital of Rs 1,00,000, while another subsidiary ‘Azad Prime' with proposed authorized capital of Rs 1,00,000. Both the subsidiaries will belong to engineering industry.</p><p style="text-align: justify;">Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.</p><div style="text-align: justify;"><br></div> |
| 22-Mar-2024 | Azad Engineering zooms on the bourses | <p style="text-align: justify;">Azad Engineering is currently trading at Rs. 1323.35, up by 54.45 points or 4.29% from its previous closing of Rs. 1268.90 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1281.95 and has touched a high and low of Rs. 1332.30 and Rs. 1268.85 respectively. So far 20095 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1465.00 on 05-Mar-2024 and a 52 week low of Rs. 641.95 on 17-Jan-2024.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1332.30 and Rs. 1194.95 respectively. The current market cap of the company is Rs. 7813.26 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 65.90%, while Institutions and Non-Institutions held 10.39% and 23.71% respectively.</p><p style="text-align: justify;">Azad Engineering has received an approval for the incorporation of two subsidiaries of the Company. The Board of Directors in their meeting held on March 21, 2024 has approved the same. The company will incorporate subsidiary ‘Azad VTC' with proposed authorized capital of Rs 1,00,000, while another subsidiary ‘Azad Prime' with proposed authorized capital of Rs 1,00,000. Both the subsidiaries will belong to engineering industry.</p><p style="text-align: justify;">Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.</p> |
| 14-Mar-2024 | Azad Engineering inks strategic contract with GE Vernova | <p style="text-align: justify;">Azad Engineering has signed a 7 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 $35 million for a period of 7 years on March 13, 2024.</p><p style="text-align: justify;">Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.</p><div style="text-align: justify;"><br></div> |
| 12-Mar-2024 | Azad Engineering inks strategic supply agreement with Baker Hughes Oilfield Operations | <p style="text-align: justify;">Baker Hughes Oilfield Operations LLC, USA, has signed 5 year Strategic Supply Agreement (SSA) with Azad Engineering to supply medium-high complex precision machined components for Oil Field Services. This contract would translate to substantial business value for the next 5 years and is extendable up-to 3, additional 1 year terms.</p><p style="text-align: justify;">Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.</p> |
| 12-Mar-2024 | Azad Engineering informs about award of order | <div style="text-align: justify;">Pursuant to Regulation 30 of the SEBI [Listing Obligation and Disclosure Requirements) Regulations, 2015 (LODR Regulations), Azad Engineering has informed that Baker Hughes signs a 5-year Strategic Supply Agreement (SSA), a long-term contract with Azad Engineering to supply medium-high complex precision machined components for Oil Field Services. This contract would translate to substantial business value for the next 5 years and is extendable up-to Three [3), additional One [1j year terms. The details required pursuant to SEBI Circular No. SEBI /HO/CFD/CFD-Pod1/P/CIR//2023/123 dated July 13, 2023, are enclosed as Annexure.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </div> |
| 08-Mar-2024 | Azad Engineering signs Strategic Supply Agreement with subsidiary of Baker Hughes | <p style="text-align: justify;">Azad Engineering has signed a Long-Term Strategic Supply Agreement (SSA) with a subsidiary of Baker Hughes. This SSA would translate to significant business value for 5 years and involves the supply of high-complex and critical components.</p><p style="text-align: justify;">Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components. </p><div style="text-align: justify;"><br></div> |
| 06-Mar-2024 | Azad Engineering enters into long term strategic supplier agreement with Nuovo Pignone | <p style="text-align: justify;">Azad Engineering has entered into a Long Term Strategic Supplier Agreement (SSA) with Nuovo Pignone Srl, a company that is part of Baker Hughes' Industrial & Energy Technology (IET) business, headquartered in Florence, Italy, Europe. This SSA would translate to significant business value for 5 years and involves the supply of high-complex and critical components for the Oil & Gas sector.</p><p style="text-align: justify;">Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components. </p><div style="text-align: justify;"><br></div> |
| 08-Feb-2024 | Statement Of Deviation Or Variation Of Funds Raised Through Initial Public Offer (''IPO'') For The Quarter Ended December 31, 2023. | Pursuant to Regulation 32 of SEBI (LODR) Regulations, Enclosed herewith the statement of deviation and variation. |
| 30-Jan-2024 | Azad Engineering touches roof on inking long term contract of 7 years with Rolls-Royce | <p style="text-align: justify;">Azad Engineering is currently trading at its upper limit of Rs. 854.00, up by 142.30 points or 19.99% from its previous closing of Rs. 711.70 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 723.95 and has touched a high and low of Rs. 854.00 and Rs. 718.80 respectively. So far 255627 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 854.00 on 30-Jan-2024 and a 52 week low of Rs. 641.95 on 17-Jan-2024.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 854.00 and Rs. 668.85 respectively. The current market cap of the company is Rs. 5048.25 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 65.90%, while Institutions and Non-Institutions held 10.39% and 23.71% respectively.</p><p style="text-align: justify;">Azad Engineering and Rolls-Royce have signed long term contract of 7 years on January 29, 2024. Rolls-Royce inked contract with the company to produce/Supply critical engine parts for their Defence / Military Aircraft engines.</p><p style="text-align: justify;">Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.</p><div style="text-align: justify;"><br></div> |
