Azad Engineering Share Price Drops 7.8% After ₹452 Crore Block Deal

Azad Engineering’s share price attracted notable market attention on Friday, with approximately 48 lakh shares changing hands through block deals.

This volume represented about 7% of the company’s equity, traded at an average price of ₹1,640 per share. However, this price reflected a 6.5% discount compared to the previous session’s closing price of ₹1,753.60 on the NSE.

Long-Term Supply Agreements with GE Vernova

Azad Engineering has strengthened its foothold in the global power sector through key long-term contracts with GE Vernova, part of GE Steam Power GmbH. In May, the company signed a six-year supply agreement valued at approximately ₹452.5 crore (around $53.5 million).

This contract involves the manufacture and supply of highly engineered rotating and stationary airfoils, essential components used in advanced nuclear, industrial, and thermal power applications. The supplies will cater to GE Vernova’s global requirements, with a base in Baden, Switzerland.

Earlier in January, Azad Engineering had already secured a separate long-term contract with US-based GE Vernova International worth $112 million (approximately ₹960 crore). This agreement focuses on delivering complex rotating and stationary airfoils for advanced gas turbine engines, a move that significantly bolsters Azad’s presence in the advanced gas turbine engine market.

Strategic Importance and Market Position

These contracts underscore Azad Engineering’s growing expertise and strategic importance in the global power generation industry. The company’s ability to deliver precision-engineered components tailored to the evolving needs of gas turbine and steam power technologies positions it well for future growth and reinforces its role as a key supplier to major international clients.

Azad Engineering Share Price Performance

On June 6, 2025, Azad Engineering share price opened at ₹1,719.10, down from its previous close of ₹1,753.60. At 11:12 AM, the share price of Azad Engineering was trading at ₹1,616.60, down by 7.81% on the NSE.

Also Read: Bajaj Finserv Shares in Focus; Sees ₹5,506 Cr Block Deal on June 6!

Conclusion

While Azad Engineering’s share price showed volatility amid the block deals, the company’s long-term agreements with GE Vernova signal strong business fundamentals and promising growth potential in the advanced power equipment segment. These developments are likely to provide sustainable revenue streams and support Azad’s competitive edge in the global power engineering market.

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