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Azad Engineering signs long term contract & price agreement with MHI

27 Mar 2026 Evaluate

Azad Engineering has been chosen as a single source supplier partner and signed a Long Term Contract & Price Agreement (LTCPA) for 8 years term with Mitsubishi Heavy Industries, Japan (MHI) for supply of highly engineered & complex hot-section Nozzle Vanes Segments of gas turbine engines, marking a rare achievement for any Indian precision engineering manufacturing company. 

This development represents a significant leap from manufacturing compressor (cold-section) Airfoils and other turbine components to producing critical combustion hot-section turbine Nozzle Vanes Segments. 

This milestone comes as part of Azad Engineering expanding partnership with Mitsubishi Heavy Industries, Japan, one of the world's leading turbine manufacturers. To support this next phase of collaboration, this commodity will be an addition in the MHI's dedicated lean manufacturing facility, designed specifically to manufacture highly engineered hot section Nozzle Vanes for advanced gas turbine platforms serving their global power generation markets.

Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.

Azad Engineering Share Price

1902.85 41.60 (2.24%)
17-Apr-2026 16:59 View Price Chart
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