Announced Wed, 22 Jul · 15:53 IST
Azad delivers first indigenous expendable turbo jet engine to DRDO
AZAD · price
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Price reaction · full curve 14 horizons · vs prior close
+4.6%1-day move
₹2329.80
prior close
₹2375.00
base price
After-mkt
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AI summary
Azad Engineering delivered its first Expendable Indigenous Turbo Jet Engine to DRDO and the Ministry of Defence after manufacturing and assembling engine components. The company called it a defining milestone for India's aerospace and defence sector, highlighting its expertise in precision manufacturing, advanced engineering, and complex aero-engine systems. No financial details or contract value were disclosed.
Likely market impact
Positively showcases defence manufacturing capability and indigenous self-reliance credentials; long-term growth signal though no revenue numbers shared.