Deals3 Nov 2024, 10:51 pm
Azad Engineering Ltd Signs USD 82.89 Million Contract with Mitsubishi Heavy Industries
AI Summary
Azad Engineering Limited has signed a Long Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited, Japan (MHI) for the supply of highly engineered & complex rotating and stationary Airfoils for Advanced Gas & Thermal power turbine engines. This current phase of the contract, valued at approximately USD 82.89 Million (INR ~ 700 Crores), is a significant step towards strengthening their strategic relationship. The contract is for a period of 5 years and involves the supply of airfoils to meet MHI's global demand in the power generation industry.
Key Highlights
- Azad Engineering Ltd has signed a LTCPA with Mitsubishi Heavy Industries Limited, Japan for supply of airfoils.
- The contract is valued at approximately USD 82.89 Million (INR ~ 700 Crores).
- The contract is a strategic step towards cementing the relationship between the two companies.
- The contract period is 5 years.
- The airfoils supplied will meet MHI's global demand in the power generation industry.