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Azad Engineering’s stocks surged 2.04% after the company announced a fresh agreement with Pratt & Whitney Canada to develop and manufacture aircraft engine components.
The deets: the long-term collaboration is aimed at boosting Azad’s precision manufacturing, developing advanced engine components, and strengthening the company’s presence in global aerospace supply chains.
Why it matters: this deal adds to Azad’s strong momentum in securing global engineering mandates. In September, it signed a ₹651 crore contract with Mitsubishi Heavy Industries, taking its combined order value with MHI to ₹1,387 crore.
