Azad Engineering Inaugurates Two Facilities For GE Vernova

Business Standard Markets · stocks

Azad Engineering's stock saw a significant jump of 6.45% on Tuesday, reaching Rs 2902. This surge followed the company's announcement of inaugurating two new exclusive lean manufacturing facilities for GE Vernova's Gas Power business. These facilities, located in Hyderabad, will manufacture critical components like airfoils and specialised machined parts for GE Vernova's global power generation needs. This expansion strengthens Azad Engineering's dedicated manufacturing capacity for GE Vernova, which now includes three such facilities.