Deals4 May 2025, 02:30 pm
Azad Engineering Ltd. Signs $53.5 Million Long-Term Supply Agreement with GE Steam Power GMBH
AI Summary
Azad Engineering Limited has signed a Long Term Supply Agreement with GE Steam Power GMBH acting through its GE Vernova Power business based in Baden, Switzerland. The agreement is for the manufacture and supply of highly engineered and complex rotating and stationary Airfoils for advanced nuclear, industrial, and thermal power industries, meeting GE Vernova global demand in the power generation and essential industries. This current phase of the contract is valued at ~ USD ($) 53.5 Million (INR ~ 452.48 Crores).
Key Highlights
- Long-term supply agreement between Azad Engineering Ltd. and GE Steam Power GMBH
- Value of the current phase of the contract: ~ USD ($) 53.5 Million (INR ~ 452.48 Crores)
- Manufacture and supply of highly engineered and complex rotating and stationary Airfoils
- Meeting GE Vernova global demand in the power generation and essential industries
- A strategic relationship between Azad Engineering Ltd. and GE Steam Power GMBH