The Original Equipment Manufacturer (OEM) sector is vital in producing components, machinery, and products that are sold to other companies for assembly into final products. With the growth of industries like automotive, aerospace, and consumer electronics, the OEM sector is experiencing a strong expansion. Companies in this space focus on delivering high-quality, precision-engineered components using advanced technologies and automation.
Listed companies such as Azad Engineering, Bharat Forge, Motherson Sumi Systems, and Sandhar Technologies are key players in the OEM industry. Azad Engineering specializes in precision engineering for the automotive, aerospace, and industrial sectors, while Bharat Forge is a leader in forging and manufacturing components for automotive and industrial applications. Motherson Sumi and Sandhar Technologies supply a wide range of components to global automobile manufacturers. With increasing global demand for high-quality parts, these companies are well-positioned for growth in the evolving OEM landscape.
Share Price
The shares of Azad Engineering are currently trading at Rs. 1,509 up by 6.28% from its previous close of 1,419.8 as of January 30, 2025. The shares also touched an intraday high of Rs. 1,540.
Recent Updates
Contract Agreement with Siemens Energy
AZAD Engineering Limited on 29th January 2025 announced signing a long-term Contract & Price Agreement with Siemens Energy Global GmbH & Co. KG for the manufacturing and supply of mission-critical components, including combustion commodities, cold blades and vanes, machined parts, and assemblies. The agreement, valued at €90.1 million (INR 811 Cr), spans a period of six years. This deal marks a significant milestone in AZAD Engineering’s growth, solidifying its position in the advanced turbine systems market.
Strengthening Strategic Partnership
This agreement strengthens AZAD Engineering’s strategic long-term partnership with Siemens Energy, positioning the company as a trusted supplier of high-performance parts for essential industries. By securing this deal, AZAD Engineering continues to expand its footprint in the global market, especially in the energy sector and reinforces its reputation for providing high-quality components for advanced turbine systems.
Other deals Signed Recently
On 15th January 2025, AZAD Engineering Limited signed a significant long-term supply agreement with GE Vernova International LLC, USA. The agreement focuses on supplying highly engineered, complex rotating, and stationary airfoils for advanced gas turbine engines to meet the growing global demand in the power generation industry. The current phase of the contract has been valued at $112 million (approximately INR 960 crore). This deal has further established AZAD Engineering as a key player in the energy sector, highlighting its capability to deliver high-quality components for critical power generation technologies.
About the company
Incorporated in 1983, Azad Engineering Limited specializes in manufacturing high-precision aerospace components and turbines, supplying its products to OEMs in industries such as aerospace, defense, energy, and oil and gas. The company is known for producing highly engineered, mission-critical components, including 3D rotating airfoils, blades, and other critical parts for gas, nuclear, and thermal turbines.
Azad Engineering has developed a portfolio of over 1,400 qualified parts and components, establishing itself as a trusted supplier in the global market. Its focus on delivering high-quality, complex components positions the company as a key player in the energy and aerospace sectors, with a strong emphasis on innovation and precision engineering.
Written By: Dipangsh Kundu
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