Deals26 Sept 2025, 05:41 pm
Azad Engineering Ltd Signs USD 73.47 Million Contract with Mitsubishi Heavy Industries Ltd
AI Summary
Azad Engineering Limited has signed a new long term contract & price agreement (LTCPA) with Mitsubishi Heavy Industries Limited, Japan (MHI), valued at USD ($) 73.47 million (INR ~ 651 Crores) for supply of highly engineered & complex rotating and stationary Airfoils for Advanced Gas & Thermal power turbine engines to meet their global demand in the power generation industry. This contract is incremental to the last signed contract on 3' November 2024, and with the addition of this agreement, the combined value of the contract now stands at USD 156.36 million (INR ~1,387 crores).
Key Highlights
- Azad Engineering Ltd has signed a new LTCPA with Mitsubishi Heavy Industries Limited, Japan.
- The contract is valued at USD 73.47 million (INR ~ 651 Crores).
- The contract is for supply of highly engineered & complex rotating and stationary Airfoils for Advanced Gas & Thermal power turbine engines.
- This contract is incremental to the last signed contract on 3' November 2024.
- The combined value of the contract now stands at USD 156.36 million (INR ~1,387 crores).