BHEL awards 2-year gas turbine components contract to Azad worth about 52.68 crore

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

AZAD · price

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹2971.00

prior close

₹3021.10

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.3%+0.3% vs market

Heavy Electrical Equipment peers, median of 34sector+0.1%+0.6% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Smallcap 250 and 0.6 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

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15m

-1.7

30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.6+0.3+0.3+0.1+0.6

Next day

-3.8+0.3-4.1+1.0-4.9

-8.1-0.8-7.3-1.1-7.0

-7.8-0.8-7.1+0.1-7.9

-9.7-1.9-7.8-1.6-8.0

-14.5-4.1-10.4-4.9-9.5

-16.4-7.8-8.6-8.4-7.9

15d

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UpDownMarket · Nifty Smallcap 250Sector · Heavy Electrical Equipment peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Azad Engineering has been approved as a long-term source by BHEL and awarded a two-year Long Term Rate Contract worth about 52.68 crore to supply critical stationary and rotating airfoils (blades) for heavy duty gas turbines. The contract runs until October 9, 2028. BHEL is a Maharatna Public Sector Undertaking, and this supports Azad's role in India's domestic power generation equipment ecosystem and BHEL's indigenisation push.

Likely market impact

Material order from a major government PSU adds to Azad's order book and strengthens its position in India's domestic power equipment supply chain.