Rolls-Royce joins forces with Azad Engineering for cutting-edge defence aircraft engines

During Monday’s deals, the shares of Azad Engineering Limited zoomed by 5.23%. Additionally, the stock hit a fresh 52-week high mark of Rs 745.55 apiece on BSE. The company’s current market capitalisation is Rs 4,207.07 crore.

Recent development 

On Monday, British aircraft engine manufacturer Rolls-Royce announced a long-term agreement with Azad Engineering. This collaboration positions Azad Engineering to become part of the global supply chain for intricate components utilized in Rolls-Royce’s advanced aero engines.

Rolls-Royce emphasizes its strong presence in India, citing strategic local partnerships, joint ventures, a well-established supply chain, a skilled talent pool, engineering capabilities, digital solutions, and service delivery capabilities as key components of its footprint in the country.

This collaboration with Azad Engineering aligns with Rolls-Royce’s efforts to strengthen its ties within the Indian market and leverage local expertise for the production of critical components for defence aircraft engines.

Impact of news

Overall, the news of this partnership is likely to be seen positively by investors in both companies. Azad Engineering stands to gain increased market access, technological expertise, and financial stability, while Rolls-Royce can benefit from reduced costs, improved efficiency, and enhanced market penetration in India.

This can lead to increased stock prices, trading volume, and investor interest in both companies.

About company 

Established in 1983, Azad Engineering Limited holds a distinguished position as a manufacturer of aerospace components and turbines. The company specializes in supplying its products to Original Equipment Manufacturers (OEMs) operating in various industries, including aerospace, defence, energy, and oil and gas.

Azad Engineering’s product range encompasses critical components utilized in these sectors, and it has established itself as a key player in providing high-quality and mission-critical products. The company’s expertise extends to serving OEMs in the aerospace and defence sectors, contributing to advancements in technology and meeting the stringent requirements of these industries.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.