azad engineering

azad engineering has made a strong market entry with its shares trading at a 37.4% premium over the IPO price, starting at Rs 720 per share on the NSE. The BSE listing stood at Rs 710, a 35.5% increase from the issue price of Rs 524.

Sachin Tendulkar's investment bet on azad engineering has garnered him a notional profit of Rs 26.5 crore in the IPO, surpassing Mitchell Starc's recent record IPL deal worth Rs 24.75 crore. Incidentally, Mitchell Starc became the most expensive player in the IPL.

Hyderabad-based engineering company, azad engineering Ltd, has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for its Rs 740 crore initial public offering (IPO). The IPO consists of a fresh issue of up to Rs 240 crore and an offer for sale of equity shares worth Rs 500 crore.

Authorities in Patna are ensuring a safe Ram Navami celebration with a 40-foot Lord Ram idol. Power supply will be cut along procession routes, and low-hanging cables are being addressed. Officials inspected the route, focusing on crowd management, medical facilities, and road repairs.

azad engineering Ltd has secured a contract from GTRE to manufacture advanced turbo engines for India's defence programs.

Precision engineering player azad engineering is investing $20 million (approx. 166 crore) in setting up an exclusive facility to manufacture critical and complex parts for Japanese giant Mitsubishi Heavy Industries (MHI) on Hyderabad's outskirts.

The allocation of shares for the azad engineering IPO will be completed on December 26 through a lottery system overseen by the registrar. Investors can check the number of shares allotted to them in comparison to their bids on the allotment date.

To combat the ongoing waterlogging issues in Hindpiri, the Ranchi Municipal Corporation has initiated an extensive drainage system project along Nala Road. Spanning 2,850 feet, this project notably includes a targeted 600-foot segment adjacent to a local school to improve water flow and curb flooding during the rainy season.

Sachin Tendulkar-backed Hyderabad company azad engineering has padded up for a seven-year innings as producer and supplier of critical engine parts to British aerospace and defence behemoth Rolls-Royce Plc for its military aircraft engines. azad engineering informed the bourses Monday that it has inked an agreement with Rolls-Royce Plc. The components will be manufactured at Azad's facilities in Hyderabad.

azad engineering has secured a $40 million contract with Arabelle Solutions France to supply crucial rotating and stationary components for the nuclear power generation industry. This five-year agreement follows a recent Rs 700 crore deal with Mitsubishi for power generation components. These contracts contribute to azad engineering's order book, which stands at Rs 4400 crore to Rs 4700 crore.

azad engineering is investing 20 million approx 166 crore in setting up an exclusive facility to manufacture critical and complex parts for Mitsubishi Heavy Industries, MHI, in Hyderabad's outskirts. The facility, which is coming up at Tuniki Bollaram in Medak district and is slated to become operational by mid-2024, will generate about 300 jobs. Hyderabad-based azad engineering said the new unit will be part of its upcoming Centre for Excellence and Innovation and will make airfoils for their gas and steam turbines. azad engineering Managing Director Rakesh Chopdar termed the collaboration as a highpoint in the company's decadelong association with Mitsubishi MHI Deputy Ceo K Tanaka said azad engineering provides components of high quality and accuracy for their gas and steam turbines. Pointing out that Mitsubishi's quality requirements are among the highest in the world, Raja Ram Reddy Engineering Head MHI Japan said Azad is the only partner outside Japan for few critical components that can meet MHI's demanding standards. "They are wedded to customer-centric approach and rate high on cost competitiveness making them extremely attractive partners in our supply chain besides Azad steadfastly sticks to delivery commitments even during the recent lockdown period when supply

azad engineering has inaugurated a lean manufacturing facility at its Hyderabad center, dedicated to producing airfoils for GE Vernova's steam power services. This 7,600 sq mt facility will manufacture components for advanced turbine engines, aiming for an output of approximately 1 lakh blades annually. The expansion is expected to create numerous skilled jobs and bolster India's global manufacturing presence.

Precision engineering azad engineering Private (AZAD) Limited on Thursday said it has been roped in by GE Steam Power to supply critical rotating parts for nuclear turbines. The Hyderabad-based company said it had signed a long-term agreement with GE Steam Power and had already delivered the first set of these critical parts, which will be assembled on nuclear turbines by GE at Belfort in France.

azad engineering has secured a $53.5 million long-term supply contract with GE Vernova for manufacturing airfoils for nuclear, industrial, and thermal power. This six-year agreement, running until 2030, follows the opening of Azad's dedicated lean manufacturing facility for GE Vernova. The contract strengthens their strategic relationship and positions Azad as a key supplier in the global power generation supply chain.

Hyderabad-based azad engineering Ltd wins a $82.89 million contract from Japan’s Mitsubishi Heavy Industries Ltd to supply complex airfoils for advanced gas and thermal power turbine engines over five years. Following the contract announcement, azad engineering's stock price rose by over 14% on the Bombay Stock Exchange.

In March 2023, Sachin Tendulkar invested Rs 5 crore in Hyderabad-based azad engineering, founded by Rakesh Chopdar. The company went public in December 2023, raising Tendulkar's stake value over 15 times. azad engineering, known for producing high-quality, critical components for global OEMs, saw significant growth and success under Chopdar's leadership.