# Azad Engineering signs $82.9M contract with Mitsubishi Heavy Industries

Azad Engineering Ltd signed a long-term contract and price agreement with Mitsubishi Heavy Industries, Japan, valued at $82.89 million (approx. Rs 700 crore), for the supply of highly engineered rotating and stationary airfoils for advanced gas and thermal power turbine engines. The contract has a tenure of five years.

- Type: Contract
- Announced: 2024-11-03
- Where: Hyderabad, India
- Value: $82.9M
- Status: announced
- Products: rotating and stationary airfoils for gas and thermal power turbine engines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Azad Engineering](https://endata.com/companies/8615.md)
- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (customer)
- [Azad Engineering](https://endata.com/companies/8615.md) (supplier)

## Sources

- [businesstoday.in](https://www.businesstoday.in/markets/ipo-corner/story/azad-engineering-shares-surged-14-amid-market-sell-off-heres-why-452406-2024-11-04), 2024-11-04: "This current Phase of contract is valued at $82.89 million or Rs 700 crore is a robust step towards cementing our everlasting strategic relationship with Mitsubishi Heavy Industries Limited, Japan (MHI)."
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/azad-engineering-bags-rs-700-crore-order-from-japanese-giant-mitsubishi/articleshow/114936818.cms), 2024-11-04: "The long-term contract is for the supply of highly engineered & complex rotating and stationary airfoils for advanced gas & thermal power turbine engines to meet Mitsubishi’s global demand in the power generation industry."
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/city/hyderabad/azad-engineering-lands-massive-700-crore-order-from-mitsubishi/articleshow/114956412.cms), 2024-11-04: "Azad Engineering Ltd, a Hyderabad-based manufacturer of complex and highly engineered precision forged components for global OEMs in aerospace and defence, energy, and oil and gas, bagged an $82.89 million (approx. Rs 700 crore) order from Japan's Mitsubishi Heavy Industries Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.