Azad Engineering Ltd Share Price

Azad Engineering Limited was originally incorporated as Azad Engineering Private Limited' as a Private Company, dated September 14, 1983, issued by Registrar of Company, Hyderabad. The name of Company changed to Azad Engineering Limited' and a fresh Certificate of Incorporation dated September 5, 2023, was issued by the RoC. Azad Engineering is one of the key manufacturers of qualified product lines supplying to global original equipment manufacturers (OEMs) in the aerospace and defence, energy, and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components. Their aerospace and defence products include airfoils/ blades and components for engines, auxiliary power units (APUs), hydraulics, actuating systems, flight controls, fuel and inerting sections of commercial and defence aircrafts and spacecrafts, among other defence systems and various critical components for missiles. In the energy industry, Company produces high-precision rotating and stationary 3D airfoils/ blades, special machined parts and combustion component assemblies for land-based turbines with applications in industrial and energy plants using different fuel types such as nuclear, hydrogen, natural gas and thermal. For the oil and gas industry, it manufacture components of drilling rigs such as drill bits and other critical components that are used in drilling equipment and are part of exploration and production phase. In 2008, the Company established CNC machine shop; acquired delivery of moving airfoils/ blades to a large government-owned power generation equipment manufacturer. In 2012, it constructed a forge shop and a heat treatment facility for production; opened critical gas/ thermal turbines parts production in 2017 and in 2021-22 acquired new plant in Phase 1 and Phase 2 for production. The Company made an IPO of issuing 14,122,108 equity shares of Rs 2 each by raising funds aggregating to Rs 740 Crore comprising a fresh issue of 4,580,151 equity shares to Rs 240 Crore and Offer for sale of 9,541,957 equity shares to Rs 500 Crore in December, 2023. The Mitsubishi Heavy Industries commissioned in March 2025; two for GE Vernova and Siemens Energy Plant during FY2025-26 and commissioned the Baker Hughes in Apr'26.