Azad Engineering secures 8-year contract with Mitsubishi Heavy Industries

Arunika Jain — Thu, 26 Mar 2026 11:06:34 +0000

Azad Engineering Limited has signed a significant 8-year Long Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited (MHI), Japan. This agreement positions Azad Engineering as a Single Source Supplier Partner for the supply of highly engineered and complex hot-section Nozzle Vanes Segments of gas turbine engines. The partnership marks a substantial achievement for Azad Engineering, transitioning from manufacturing compressor (cold-section) Airfoils and other turbine components to producing critical combustion hot-section turbine Nozzle Vanes Segments.

This milestone is part of Azad Engineering’s expanding collaboration with Mitsubishi Heavy Industries, a leading global turbine manufacturer. The agreement will see the addition of this commodity to MHI’s dedicated lean manufacturing facility, specifically designed to produce highly engineered hot section Nozzle Vanes for advanced gas turbine platforms. These platforms serve the global power generation markets, underscoring the strategic importance of the partnership.

The details regarding the size of the order or contract remain confidential, and there is no shareholding in the entity with whom the agreement is executed. The agreement does not fall within related party transactions, and there are no significant terms of the order or contract awarded in brief.

The contract is international in nature and is set to be executed over a period of 8 years. There is no interest from the promoter or promoter group in the entity that awarded the orders or contracts.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Mitsubishi Heavy Industries | Business Upturn

Azad Engineering secures 8-year contract with Mitsubishi Heavy Industries