Azad Engineering Limited Secures Long-Term Supply Agreement with Mitsubishi Heavy Industries
Azad Engineering Limited announced on March 26, 2026, that it has been selected as a Single Source Supplier Partner and signed a Long Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited (MHI) of Japan. The agreement spans 8 years for the supply of highly engineered and complex hot-section Nozzle Vanes Segments of gas turbine engines.This development marks a significant milestone for Azad Engineering, allowing the company to manufacture critical combustion hot-section turbine Nozzle Vanes Segments, expanding beyond its previous work on compressor airfoils and turbine components. The partnership is part of Azad Engineering's expanding collaboration with MHI, a leading turbine manufacturer. To support this collaboration, a dedicated lean manufacturing facility will be utilized for the production of these specialized components for MHI's global power generation markets.
The size of the order or contract consideration was not disclosed. MHI does not have any shareholding in Azad Engineering. The parties are not related to the promoter/promoter group/group companies of Azad Engineering.
Details of the agreement are summarized below:
| Particulars | Details
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.