Latest news with #Chopdar
Time of India
05-05-2025
- Business
- Time of India
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. Tired of too many ads? go ad free now 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.
Time of India
05-05-2025
- Business
- Time of India
Azad Engg bags $53.5 million contract from GE Vernova's steam power services unit
Azad Engineering chairman & CEO Rakesh Chopdar while signing contract with GE Vernova HYDERABAD: Precision engineering player Azad Engineering has inked an additional long-term supply contract valued at $53.5 million with GE Vernova 's steam power services business unit. 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 till 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've overcome 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. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
29-04-2025
- Business
- Time of India
Azad Engg opens dedicated lean manufacturing facility for GE Vernova's steam power services biz in Hyderabad
HYDERABAD: Precision engineering player Azad Engineering on Tuesday announced the opening of its lean manufacturing facility to cater to GE Vernova 's steam power services business unit at the Azad's Centre of Excellence & Innovation Centre at Tunikibollaram on the outskirts of Hyderabad. The 7,600 sq mt facility will make highly engineered, complex rotating and stationary airfoils for advanced nuclear, industrial and thermal power turbine engines for GE Vernova's global demand in power generation and essential industries, the company said in a regulatory filing with the bourses. The facility features cutting-edge technology for high-precision components, and lean principles aimed at enhancing productivity, integrates with Azad's Centre for Excellence and Innovation and strengthens India's position in global manufacturing, it added. Azad Engineering chairman & CEO Rakesh Chopdar said the inauguration of the facility marks a significant milestone in the company's journey with GE Vernova's steam power services business unit that began in 2013. 'The facility is part of our broader strategy to create dedicated manufacturing spaces for key global OEM partners at our centre of excellence & innovation centre. With over 180 direct skilled professionals currently employed and plans to add several hundred more, we are creating a robust ecosystem of precision engineering excellence to produce approximately 1 lakh blades per annum from this factory,' Chopdar said. The rigorous qualification processes we've undergone, achieving precision tolerances measured in microns, reflect Azad's dedication to meeting the exacting standards of global industry leaders while continuously pushing the boundaries of engineering excellence,' he added. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
The Hindu
29-04-2025
- Business
- The Hindu
Azad Engineering opens exclusive facility for GE Vernova works in Hyderabad
Hyderabad-based precision engineering firm Azad Engineering inaugurated a 7,600 sq. mts. exclusive lean manufacturing facility at its new plant in Tunikibollaram here to focus on global major GE Vernova's Steam Power Services business. This facility will serve and support the supply of highly engineered and complex rotating and stationary airfoils for advanced nuclear, industrial and thermal power turbine engines, meeting GE Vernova's global demand in the power generation and essential industries, Azad Engineering said. Established at Azad's Centre of Excellence & Innovation Centre in the city, the facility marks the evolution of a partnership with GE Vernova that began with a few machines in 2013 into a world-class manufacturing centre, demonstrating the companies shared commitment to excellence, it said after the inauguration on Tuesday (April 29, 2025) in which Rakesh Chopdar, chairman and CEO and GE Vernova's senior global leadership team participated. The new facility is part of Azad Engineering's broader strategy to create manufacturing capacity to meet the needs of key global Original Equipment Manufacturers (OEM) partners at its COE & Innovation Centre, Mr. Chopdar said. 'With over 180 direct skilled professionals currently employed and plans to add several hundred more, we are creating a robust ecosystem of precision engineering excellence to produce around 1,00,000 blades per annum from this factory. The rigorous qualification processes we've undergone, achieving precision tolerances measured in microns, reflect Azad's dedication to meeting the exacting standards of global industry...', he said in a release. Without disclosing specifics, the company said the new lean manufacturing facility is a significant investment in expanding Azad's manufacturing capabilities as part of its strategic focus on long-term partnerships with global OEMs across aerospace, defence, energy as well as oil and gas sectors. It is poised to consolidate the company's position as a key player in the precision manufacturing landscape, Azad said. This is the second such facility it opened recently. In March, the company had opened a 7,200 sq. mts. exclusive lean manufacturing facility for Mitsubishi Heavy Industries (MHI) in Tunikibollaram with about 200 skilled professionals.
