In a major strategic development, AZAD Engineering Limited has signed a long-term supply agreement with GE Steam Power GMBH, acting through its GE Vernova Power business based in Baden, Switzerland. The deal, valued at approximately $ 53.5 million (₹452.48 crores), is a significant step toward strengthening AZAD’s global partnerships in the power generation and essential industries sector.
Under the terms of the agreement, AZAD Engineering will manufacture and supply highly engineered and complex rotating and stationary airfoils. These components are critical for advanced nuclear, industrial, and thermal power applications. The contract covers a supply period of six years and will serve GE Vernova’s worldwide requirements.
The deal does not involve any equity sharing, board representation, or related party transactions. There are no conflicts of interest, and none of AZAD’s promoters or group companies hold any interest in the counterparty organization.
Key Highlights of the Agreement:
- Client: GE Steam Power GMBH (GE Vernova Power, Switzerland)
- Contract Value: $5 million (₹452.48 crores)
- Contract Type: Long-Term Supply Agreement
- Duration: 6 years
- Scope: Manufacture and supply of rotating and stationary airfoils for global power industry use
- Nature of Client: International, not related to promoter group
AZAD Engineering, headquartered in Hyderabad, is known for its precision manufacturing expertise and has built a solid reputation for delivering mission-critical components to major global OEMs in energy, aerospace, and defense. This agreement further solidifies its growing footprint in the advanced energy sector, particularly in support of clean and sustainable power solutions.
This milestone underscores AZAD’s strategic focus on deepening its global alliances and reinforces its positioning as a trusted partner in critical component engineering for the power sector.