Azad Engineering has signed Long Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries, Japan (MHI) 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 current Phase of contract, valued at ~ USD ($) 82.89 Million (Rs ~ 700 crore) is a robust step towards cementing an everlasting strategic relationship with Mitsubishi Heavy Industries, Japan (MHI).

This marks Azad Engineering’s second order win in less than two weeks; on September 24, the company secured a contract from Honeywell Aerospace ISC, USA, worth $16 million, for the manufacture and supply of highly complex components to meet global demand in the aviation industry.

Earlier in July, the company signed a five-year agreement with Siemens Energy Global GmbH & Co. to manufacture and supply critical rotating components for advanced gas and thermal turbine engines to meet Siemens' global demand.