India's Azad Engineering gains on contract win from Mitsubishi Heavy Industries

Azad Engineering

29/09/2025 05:10

** Shares of Azad Engineering AZAD.NS rise 2% to 1,588 rupees

** Co signs $73.47 mln long-term contract with Mitsubishi Heavy Industries 7011.T

** Order for supply of airfoils for advanced gas & thermal power turbine engines

** AZAD rated "strong buy" by 3 analysts on average; median target price is 1,900 rupees – data compiled by LSEG

** Stock down 7.7% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))