India's Azad Engineering rises on amendment of supply pact

ReutersApr 24, 2026 5:52 AM

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Shares of India's Azad Engineering AZAD.NS rise as much as 4.12%, last up 1.59% to 2146.10 rupees

Co amended its existing supply pact with Nuovo Pignone S.r.l, a Baker Hughes BKR.O arm, successfully extending the turbomachinery supply deal through to 2030

Co says amendment responds to increase in annual demand for supply of critical turbomachinery components used in power generation applications

Trading vols at 1.1 mln shares vs 30-day average of 379,926 shares

AZAD rated "buy" on average by five analysts, median PT at 1900 rupees -- data compiled by LSEG

YTD, stock up 27.72%

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