Mumbai, Sept. 18 -- The facility was inaugurated in the presence of Siemens Energy's senior global leadership team. It is designed to support the supply of highly engineered and complex rotating and stationary airfoils, critical components, subassemblies, and assemblies for advanced gas, industrial, and thermal power turbine engines. The new plant aims to meet Siemens Energy's global demand across power generation and essential industries.

Azad Engineering is engaged in the manufacturing of precision forged and machined components for clean energy, aerospace, defense, oil and gas, and standalone power supply (SPS) as required by OEMs with its manufacturing unit in Hyderabad.

The company's consolidated net profit surged 73.59% to Rs 29.7...