Por Redaccion 
No news on the negotiations between the Asturian company and Sonelgaz to unblock the Djelfa project in Algeria
Duro Felguera soared 15.26% on Friday in the Spanish stock market after it was revealed yesterday — with the market closed — that Indra will buy a «large factory» from the Asturian company in Gijón and convert it to «make military vehicles,» although it did not specify which plant it is or the amount of this potential acquisition.
Specifically, the shares of the engineering firm led the gains on Friday within the continuous market with the mentioned increase of 15.26%, trading at a unit price of 0.3135 euros. However, the shares reached an intraday high of 0.38 euros, at which point the bullish appreciation was almost 40%.
It is worth noting that Duro Felguera did not reach that maximum price until after 10:00 a.m. due to strong volatility in the opening auction.
In a broader sense, the company’s stock rose 14% for the week and has accumulated an appreciation of 37.5% so far in 2025. The market capitalization stood at 67.5 million euros at the close of this session.
The engineering firm has a heavy boiler factory in Gijón specializing in the manufacture of pressure vessels for the petrochemical and nuclear sectors.
This announcement yesterday by Indra’s president, Ángel Escribano, is part of Duro Felguera’s request for a three-month extension of the pre-bankruptcy to which it resorted at the end of last December.
Duro Felguera will have until June 11 to address negotiations with financial entities, after not reaching an agreement, for now, with the State Industrial Participations Company (SEPI).
The Asturian company requested pre-bankruptcy on December 11 before the Commercial Courts of Gijón with the aim of initiating negotiations for the approval of a restructuring plan that would allow its future viability and the preservation of as many jobs as possible.
DISPUTE IN ALGERIA
Sources from the Asturian engineering company confirmed to Europa Press that there are no updates on the trip made by Duro Felguera to Algeria on March 9 to unblock the Djelfa project, which would involve reaching an agreement with Sonelgaz Production d’Electricité (SPE).
The Algerian energy company submitted an arbitration request to the Chamber of Commerce and Industry of Algeria against the Asturian engineering company for the suspension of the Djelfa contract, consisting of the construction of a combined cycle power plant.
In that request, the Algerian client requested lifting the contract suspension, which has been blocked since last June, and resuming work, as well as compensation of around 413 million euros.
This was the ‘trigger’ that led Duro Felguera to request pre-bankruptcy on December 11 before the Commercial Courts of Gijón, as the Algerian arbitration required the Asturian company to restate its financial results from 2022, after provisioning 100 million euros in its accounts for the Djelfa project.