Vodafone Idea in Focus: Govt Cuts AGR Dues by 27% to ₹64,046 Crore – Game-Changer for Vi?

Vodafone Idea (Vi) has been battling massive financial pressures for years, with Adjusted Gross Revenue (AGR) dues hanging like a sword of Damocles. But in a major development that has put the Vodafone Idea share price firmly in the spotlight, the Department of Telecommunications (DoT) has slashed the telco’s AGR liability by nearly 27% to ₹64,046 crore as of December 31, 2025. This relief comes after a committee reassessed the earlier frozen amount of ₹87,695 crore, offering Vi much-needed breathing room and sparking fresh optimism among investors. What Exactly Happened with Vodafone Idea’s AGR Dues? The DoT formed a dedicated committee to review Vi’s AGR calculations following Supreme Court directions and earlier Cabinet approvals. The reassessment has now been finalized at ₹64,046 crore a reduction of approximately ₹23,649 crore from the previous estimate. This isn’t just a number tweak. For a company burdened with high debt and spectrum payments, this cut translates into t...
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AZAD Engineering Secures Landmark €90.1 Million Contract with Siemens Energy

 


Azad Engineering, a premier manufacturer of high-precision components, has solidified its position as a key player in the global energy sector by signing a long-term Contract & Price Agreement with Siemens Energy Global GmbH & Co. KG. This strategic partnership entails the manufacturing and supply of mission-critical components, including combustion commodities, cold blades & vanes, machined parts, and assemblies.

A Significant Milestone in Azad’s Growth

The current phase of the contract is valued at €90.1 million (INR 811 Cr) and spans six years, further cementing Azad Engineering's role as a trusted supplier of high-performance turbine components. This agreement strengthens the company’s longstanding collaboration with Siemens Energy and underscores its expertise in producing cutting-edge components for essential industries.

Financial Highlights & Market Position

Azad Engineering’s impressive financial standing further validates its growth trajectory and industry credibility:

  • Market Capitalization: ₹8,390 Cr.

  • Current Price: ₹1,420

  • 52-Week High/Low: ₹2,080 / ₹891

  • Stock P/E: 120

  • Book Value: ₹116

  • Dividend Yield: 0.00%

  • Return on Capital Employed (ROCE): 19.9%

  • Return on Equity (ROE): 12.1%

  • Face Value: ₹2.00

Strengthening the Global Supply Chain

With this new contract, Azad Engineering further establishes itself as a leading precision engineering company, supporting advanced turbine systems that power critical global industries. The collaboration with Siemens Energy reflects Azad’s commitment to innovation, excellence, and supply chain reliability, positioning it among the most valued suppliers in the energy sector.

As the company continues to expand its global footprint, investors and industry stakeholders are keenly watching Azad Engineering’s next growth phase, fueled by strategic partnerships and technological advancements.

Stay tuned for more updates on Azad Engineering’s journey in shaping the future of energy solutions.

Location:Nainital Uttarakhand ,India India

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