Hyderabad, India – February 5, 2025 – Azad Engineering Limited (BSE: 544061, NSE: AZAD), a leading precision engineering firm, has announced a long-term agreement with Rolls-Royce PLC, London, UK. The deal marks a significant step in the production of Civil Aircraft Engine components in India.
Key Highlights of the Agreement
- Partnership Details: Rolls-Royce has partnered with Azad Engineering to manufacture super-critical complex machined parts for civil aircraft engines.
- Long-Term Commitment: The agreement will span the entire lifecycle of the engine program.
- Strategic Impact: This milestone further strengthens Azad Engineering’s position in the global aerospace supply chain, reinforcing its commitment to innovation, precision engineering, and excellence in aerospace manufacturing.
- Order Size: The financial impact of the contract remains undetermined at this stage.
- Nature of Contract: It is an international contract for the supply of machined components.
Additional Disclosures
- Shareholding Impact: Azad Engineering has confirmed that it does not hold any equity in Rolls-Royce PLC.
- Related Party Transactions: The agreement does not fall under related-party transactions.
- Execution Timeline: The contract will be executed as per the agreement's terms.
Industry & Market Implications
This deal reinforces India’s growing role in the global aerospace supply chain, aligning with the government's "Make in India" initiative. It also highlights Azad Engineering's growing influence in precision engineering and aerospace manufacturing.Investors and stakeholders can expect further updates as the company progresses with contract execution.