AzadEngineering surges on inaugurating Lean manufacturing facility in Hyderabad
Azad Engineering is currently trading at Rs. 1624.95, up by 46.60 points or 2.95% from its previous closing of Rs. 1578.35 on the BSE.
The scrip opened at Rs. 1580.05 and has touched a high and low of Rs. 1633.00 and Rs. 1535.50 respectively. So far 21485 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2080.00 on 20-Jun-2024 and a 52 week low of Rs. 1128.40 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1633.00 and Rs. 1490.75 respectively. The current market cap of the company is Rs. 10141.27 crore.
The promoters holding in the company stood at 60.32%, while Institutions and Non-Institutions held 22.47% and 17.21% respectively.
Azad Engineering has inaugurated Exclusive Lean Manufacturing Facility at its new plant in Tunikibollaram IP, Hyderabad. The facility was inaugurated in the presence of GE Vernova’s senior global leadership team.
This facility will serve and support the supply of highly engineered and complex rotating and stationary Airfoils for advanced nuclear, industrial and thermal power turbine engines, meeting GE Vernova’s global demand in the power generation and essential industries.
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.
