India's Azad Engineering rises on supply agreement with GE Vernova

Azad Engineering

16/01/2025 03:58

** Shares of heavy electrical equipments maker Azad Engineering
 AZAD.NS  rise 7.4% to 1,699.50 rupees in early trade
**  Co signs six-year agreement with GE Vernova International to
supply airfoils for advanced gas turbine engines
    ** Current phase of contract valued at 9.6 bln rupees ($112
mln)
    ** AZAD more than doubled in 2024
     
    ($1 = 86.3820 Indian rupees)

(Reporting by Vijay Malkar)
((VijayDattaram.Malkar@thomsonreuters.com;))