Azad Engg inks $53.5M supply deal with GE Vernova's steam power services biz unit
Hyderabad:
Precision engineering
player
Azad Engineering
inked an additional long-term supply
contract
valued at $53.5 million with
GE Vernova
's steam power services business unit.
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As part of the contract, Hyderabad-based Azad Engineering will manufacture and supply highly engineered and complex
rotating and stationary airfoils
for advanced nuclear, industrial, and thermal power.
The contract, which will be for a period of six years until 2030, comes soon after Azad Engineering opened a 7,600 sq mt dedicated lean manufacturing facility for GE Vernova at Tunikibollaram on the outskirts of Hyderabad.
The company said the milestone will strengthen its existing strategic long-term relationship with GE Vernova's steam power services business unit and position it as a trusted supplier of high-performance components and systems for their advanced turbine systems and essential industries.
Azad Engineering chairman & CEO Rakesh Chopdar said the additional contract represents a significant milestone in the company's strategic relationship with GE Vernova that dates back to 2013.
"We overcame rigorous qualification processes, mastered precision tolerances measured in microns, and conquered numerous engineering challenges. This six-year agreement through 2030 strengthens our position in the global power generation supply chain and validates our precision engineering capabilities for critical applications," Chopdar said.
"The contract reinforces our commitment to investing in advanced manufacturing capabilities and skilled talent, enabling us to deliver highly engineered airfoils for nuclear, industrial, and thermal power industries worldwide," he added.
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