Hyderabad-based Azad Engineering Limited has signed a long-term Contract & Price Agreement with Siemens Energy Global GmbH & Co. KG, solidifying its position as a trusted supplier of high-performance parts for advanced turbine systems.
Key Highlights:
- Contract Value: €90.1 million (₹811 crore)
- Duration: 6 years
- Scope of Work: Manufacturing and supply of mission-critical components, including:
- Combustion commodities
- Cold blades & vanes
- Critical machined parts & assemblies
This milestone agreement strengthens Azad Engineering’s strategic partnership with Siemens Energy and enhances its presence in essential industries.
Further Details:
- Shareholding in Siemens Energy: Nil
- Related Party Transactions: No
- Nominee or Conflict of Interest: None
The company sees this agreement as a significant step in expanding its global footprint in the high-precision engineering sector.