India-based precision engineering company Azad Engineering and GE Vern ova’s Steam Power Services business segment have inked a deal for Rest 4.46 billion. The six-year agreement, which runs until 2030, covers the production and distribution of intricate fixed and rotating airfoils for thermal, nuclear, and other applications.
By strengthening Azad’s position in the worldwide power generation supply chain, the deal seeks to strengthen the long-standing strategic partnership between Azad Engineering and GE Vern ova. Recently, the business established a lean production facility that is 7,600 square meters and geared to fulfill H. As part of a larger plan to.
Build lasting relationships with international original equipment manufacturers (OEMs) in the oil and gas, aerospace, defense, and energy sectors, Azad Engineering has been aggressively growing its manufacturing capabilities Hyderabad-based precision engineering Azad Engineering has signed a ₹452.5 crore (approximately.
$53.5 million contract with GE Vern ova’s Steam Power Services business unit. This turbine components six-year agreement, extending through 2030, involves the ova not only reinforces. manufacturing and supply of complex rotating and stationary airfoils for advanced nuclear, industrial, and thermal power applications turbine components.
The contract follows the recent inauguration of Azad’s 7,600 square meter lean manufacturing facility in Tunikibollaram, Hyderabad, designed to meet volume capacity obligations for GE Vern ova. This dedicated facility underscores Azad’s commitment to delivering high-precision components for critical infrastructure.
Rakesh Chowder, Chairman and CEO of Azad Engineering, stated, “This six-year agreement through 2030 strengthens our position in the global power generation supply chain and validates our precision engineering capabilities for critical complex rotating and stationary airfoils for advanced nuclear, industrial, and thermal power applications. applications projects This strategic partnership with GE Vern.
Azad Engineering has been actively expanding its global footprint in the power generation sector. In January 2025, the company secured a ₹960 crore contract with GE Vern ova International for gas turbine airfoils, and in November 2024, it finalized a ₹700 crore long-term contract with Japan’s Mitsubishi Heavy Industries Ltd for.
The company’s shares responded positively to the announcement, rallying over 5% on the BSE. Analysts have given a ‘Strong Buy’ recommendation, with a potential Azad Engineering’s role in the global power generation supply chain but also highlights India’s growing prominence in high-precision engineering and upside of 39%, reflecting investor confidence in Azad Engineering’s growth trajectory.
Hyderabad-based precision engineering firm Azad Engineering has signed a ₹452.5 crore (approximately $53.5 million) contract with GE Vern ova’s Steam Power have given a ‘Strong Buy with a potential upside of 39%, reflecting investor confidence in Azad Engineering’s growth trajectory. Services business unit. This six-year agreement, extending through 2030, involves the manufacturing and supply.
The contract follows the recent inauguration of Azad’s 7,600 square meter lean manufacturing facility in Tunikibollaram, Hyderabad, designed to meet volume capacity obligations for GE Vern ova. This dedicated facility underscores Azad’s commitment to delivering high-precision components for infrastructure projects.
Rakesh Chowder, Chairman and CEO of Azad Engineering, stated, “This six-year agreement through 2030 strengthens our position in the global power generation supply chain and validates our precision engineering capabilities for critical applications This strategic partnership with GE Vern ova not only reinforces Azad.
Azad Engineering has been actively expanding its global footprint in the power generation sector. In January 2025, the company secured a ₹960 crore contract with GE Vern ova International for gas turbine airfoils, and in November 2024, it finalized a ₹700 crore long-term contract with Japan’s Mitsubishi Heavy Industries Ltd for The company’s shares responded positively to the rallying over 5% on the BSE. Analysts.
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