The company said it has been selected as a single-source supplier, marking a shift from manufacturing compressor or cold-section components to high-value combustion hot-section parts. The development expands Azad Engineering’s partnership with MHI, a global turbine manufacturer.
The components will be produced at MHI’s dedicated lean manufacturing facility for advanced gas turbine platforms catering to global power generation markets.
The company termed the agreement a milestone, highlighting its entry into critical, high-precision segments of turbine manufacturing.
Also Read: Azad Engineering Q3 profit jumps 44% on 33% segment growth, margin expands to 39%
Shares of Azad Engineering Ltd ended at ₹1,471.35, up 3.43% on Wednesday ahead of the announcement.
