Azad Engineering Limited, a leading manufacturer of precision-engineered components for aerospace and energy industries, has signed a Long-Term Contract and Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited (MHI), Japan, valued at USD 73.47 million (INR 651 crores). Under this agreement, Azad Engineering will supply highly engineered and complex rotating and stationary airfoils for advanced gas and thermal power turbine engines, supporting MHI’s global demand in the power generation sector.
This strategic partnership further strengthens Azad’s position as a trusted global supplier of mission-critical components for the energy industry. The scope of the contract includes the manufacture and supply of high-performance airfoils built to withstand extreme conditions, reinforcing both companies’ commitment to innovation, quality, and reliability in energy solutions. The agreement marks a significant milestone in Azad Engineering’s growth trajectory and aligns with its vision to support global OEMs in delivering advanced and sustainable energy technologies.
Mitsubishi Heavy Industries (MHI) is one of Japan’s largest multinational engineering and manufacturing companies, with a diverse portfolio spanning energy systems, aerospace, defense, machinery, and infrastructure. Founded in 1884, MHI has played a key role in Japan’s industrial development, producing ships, turbines, aircraft, and advanced machinery that support both commercial and government sectors worldwide.
The company is a global leader in power generation, including renewable and clean energy technologies such as wind, hydrogen, and carbon capture systems, reflecting its commitment to sustainability and decarbonization. In addition, MHI contributes to aerospace innovation through space launch vehicles and defense systems, while also advancing smart infrastructure solutions for urban development. With its blend of traditional engineering expertise and modern innovation, Mitsubishi Heavy Industries continues to shape industries critical to global progress.
Founded in 2008, Azad Engineering is a global supplier of complex and high-precision components to the energy, aerospace, defense, and oil & gas industries. With advanced manufacturing facilities and world-class quality systems, the company is a key partner to global OEMs, offering products that meet the highest international standards.
