Hyderabad, May 4 -- Azad Engineering, a global leader in precision engineering, on Sunday announced the signing of an additional long-term supply contract with GE Vernova's Steam Power Services business unit.
The contract, valued at $53.5 million, will span six years till 2030, the Hyderabad-based company said in a release here.
This additional contract is a key milestone following the recent inauguration ceremony of Azad Engineering's 7,600 sq. mts. lean manufacturing facility dedicated to meeting volume capacity obligations of Azad Engineering in Tunikibollaram, Hyderabad, India.
Under this contract, Azad Engineering will manufacture and supply highly engineered and complex rotating and stationary Airfoils for advanced nuclear, industr...