Azad Engineering Secures €90.1 Million Contract with Siemens Energy for Critical Turbine Components

Hyderabad, India – January 29, 2025​

Azad Engineering Limited (NSE: AZAD, BSE: 54406L) has announced the signing of a long-term Contract & Price Agreement with Siemens Energy Global GmbH & Co. KG, Germany, for the manufacturing and supply of mission-critical components for advanced turbine systems.

Key Highlights of the Agreement​

• Total Contract Value: €90.1 million (₹811 crore).
• Duration: 6 years.
• Scope of Supply:
  • Combustion commodities
  • Cold blades & vanes
  • Machined parts & assemblies
• Significance:
  • Strengthens Azad’s strategic partnership with Siemens Energy.
  • Enhances Azad’s position as a trusted supplier of high-performance turbine parts.

This contract further solidifies Azad Engineering’s standing as a key supplier in the global energy sector.

Strategic Importance & Growth Outlook​

✔ Expand Azad’s footprint in the global energy market.
✔ Boosts revenue stability with long-term supply commitments.
✔ Aligns with the company’s growth strategy in high-precision engineering for turbines.
✔ Strengthens Azad’s role in global supply chains for power generation & industrial applications.
This agreement marks another significant milestone for Azad Engineering, positioning the company for sustained growth in the high-precision manufacturing sector.

Conclusion​

Azad Engineering’s €90.1 million deal with Siemens Energy underscores its leadership in the critical turbine components sector. With expanding international partnerships, the company remains well-positioned for long-term global growth.