Azad Engineering saw its shares move up by more than 3% after the company announced a significant strategic development that strengthens its position in the global aerospace supply chain. As of 9:16 AM, the shares were trading 3.74% higher at Rs 1,701.90
The company revealed that it has signed a Master Terms Agreement and Purchase Agreement with Pratt & Whitney Canada Corp., a leading name in aircraft engine technology.
This partnership marks an important milestone for Azad, as it paves the way for long-term collaboration in the development and manufacturing of high-precision aircraft engine components. By entering into this agreement, Azad aims to deepen its presence in the aerospace manufacturing space and align its growth strategy with India’s broader national priorities in advanced engineering and defence-linked industries.
According to the official disclosure, the agreement will allow both companies to work closely on component development programs, though the size of the order and certain commercial terms remain confidential. Azad also confirmed that Pratt & Whitney Canada has no shareholding in the company, and the arrangement does not fall under related-party transactions. This reinforces that the deal is purely strategic and commercially driven.
The agreement is international in nature and classified as a long-term partnership. While the execution timeline and some terms are not publicly disclosed due to confidentiality agreements, it is clear that this collaboration positions Azad Engineering for robust growth, both in technology capabilities and global client relationships.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
