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Azad Engineering bags Rs 53-cr order from Bharat Heavy Electricals
13-Oct-2026 | 07:43
Azad Engineering announced that it has received a long-term rate contract worth approximately Rs 52.68 crore from Bharat Heavy Electricals for the supply of critical stator vanes and rotor blades (airfoils) for gas turbines.
The contract is to be executed by 9 October 2028.
Azad Engineering manufactures mission-critical components for the energy, oil & gas, and aerospace & defence sectors. The company serves global OEMs in more than 11 countries and is a qualified manufacturer of nuclear turbine airfoils in India.
On a consolidated basis, Azad Engineering's net profit rose 20.29% to Rs 35.75 crore while net sales rose 25.90% to Rs 172.60 crore in Q1 June 2026 over Q1 June 2025.
Shares of Azad Engineering rose 2.03% to close at Rs 2,969.95 on the BSE.
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