AZAD Engineering Ltd signs long term contract with Mitsubishi Heavy Industries Ltd

AZAD Engineering Limited has been chosen as a Single Source Supplier Partner and signed a Long Term Contract & Price Agreement (LTCPA) for 8 years term with Mitsubishi Heavy Industries Limited, Japan (MHI) for supply of highly engineered & complex hot-section Nozzle Vanes Segments of gas turbine engines, marking a rare achievement for any Indian precision engineering manufacturing company. This development represents a significant leap from manufacturing compressor (cold-section) Airfoils and other turbine components to producing critical combustion hot-section turbine Nozzle Vanes Segments.

This milestone comes as part of Azad Engineering's expanding partnership with Mitsubishi Heavy Industries (MHI), Japan, one of the world's leading turbine manufacturers. To support this next phase of collaboration, this commodity will be an addition in the MHI's dedicated lean manufacturing facility, designed specifically to manufacture highly engineered hot section Nozzle Vanes for advanced gas turbine platforms serving their global power generation markets.

Shares of Azad Engineering Limited was last trading in BSE at Rs. 1471.35 as compared to the previous close of Rs. 1422.50. The total number of shares traded during the day was 9910 in over 938 trades.

The stock hit an intraday high of Rs. 1516.90 and intraday low of 1430.50. The net turnover during the day was Rs. 14723835.00.

Source : Equity Bulls

Keywords

AzadEngineering INE02IJ01035 HeavyElectricalEquipment Contract MitsubishiHeavyIndustries