AZAD Engineering Limited has achieved a rare milestone by securing an 8-year Long Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries (MHI), Japan, becoming their Single Source Supplier Partner. AZAD will supply highly engineered, complex hot-section Nozzle Vanes Segments for gas turbine engines. This contract signifies a major technological leap for the Indian company, moving beyond cold-section components to critical combustion hot-section parts for global power generation markets.
Major Contract Awarded by Global Turbine Manufacturer
AZAD Engineering Limited announced on March 26, 2026, that it has been chosen as a Single Source Supplier Partner by Mitsubishi Heavy Industries Limited (MHI), Japan. This achievement is highlighted as a rare feat for any Indian precision engineering manufacturing company.
The agreement formalized is a Long Term Contract & Price Agreement (LTCPA) spanning an 8 years term. The subject of the contract is the supply of highly engineered and complex hot-section Nozzle Vanes Segments used in gas turbine engines.
Significant Technological Advancement
This development marks a substantial progression in AZAD’s manufacturing capabilities. Previously focused on compressor (cold-section) Airfoils and other turbine components, the company will now produce critical combustion hot-section turbine Nozzle Vanes Segments.
This collaboration is part of AZAD’s expanding partnership with MHI, one of the world’s leading turbine manufacturers. The supplied commodity will be incorporated into MHI’s dedicated lean manufacturing facility, designed to support advanced gas turbine platforms serving global power generation markets.
Disclosure Details Summary
In compliance with requisite disclosure standards, the following details were provided:
- Counterparty: Mitsubishi Heavy Industries Limited (MHI).
- Nature of Agreement: Long Term Contract & Price Agreement (LTCPA).
- Term: 8 Years.
- Scope: Supply of highly engineered hot section Nozzle Vanes Segments.
- Consideration Size: Marked as Confidential.
- Related Party Transaction: Declared as No.
- Interest of Promoter Group: Declared as Not Applicable.
Source: BSE
