Rolls-Royce PLC, United Kingdom, has entered into a long-term agreement with Azad Engineering Limited, Hyderabad. The pact will see the production of civil aircraft engine components in India, with the aim of supplying super-critical, complex machined parts over the entire life of the engine program.
The agreement, disclosed under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, marks a milestone collaboration between the two global giants. By choosing to manufacture these key components in India, Rolls-Royce and Azad Engineering are set to reinforce their commitment to innovation, precision engineering, and excellence in the aerospace sector.
While the overall size of the order is not determinable at this stage, the strategic significance of the deal is underscored by its long-term nature. The detailed terms of the agreement, including the duration and execution timeline, are governed by the stipulations agreed upon by both parties.
Azad Engineering Limited, headquartered in Hyderabad, is poised to leverage its manufacturing capabilities to meet the stringent quality and performance standards required by Rolls-Royce. The collaboration is expected to not only strengthen the domestic aerospace supply chain but also boost the technological prowess and global standing of India’s engineering sector.
There are no related party transactions or conflicts of interest associated with this agreement, ensuring that the deal is executed on an arm’s-length basis.
