Azad Engineering has signed a Long-Term Contract and Price Agreement (LTCPA) with Mitsubishi Heavy Industries (MHI), Japan. The partnership involves supplying advanced rotating and stationary airfoils for gas and thermal power turbine engines, catering to MHI’s global power generation requirements.
Valued at approximately $82.89 million (₹700 crore), this agreement marks a significant milestone in strengthening Azad Engineering’s strategic relationship with MHI and underscores its capabilities in delivering high-precision components for the energy sector.