Azad Engineering Secures ₹52.68 Crore BHEL Contract For Turbine Components
Mumbai: Azad Engineering Limited announced on Tuesday, October 12, 2026, that it has been approved as a long-term source by Bharat Heavy Electricals Limited (BHEL), a Maharatna Indian Public Sector Undertaking. Contract Details BHEL awarded Azad Engineering a two-year Long Term Rate Contract for the supply of critical stationary and rotating airfoils (blades) used in heavy-duty gas turbines. The…
On October 12, 2026, Azad Engineering Limited was designated as a long-term provider by Bharat Heavy Electricals Limited (BHEL), a Maharatna Indian Public Sector Company. The contract involves supplying stationary and rotating airfoils for heavy-duty gas turbines. The contract's total estimated value is around ₹52.68 crore, which spans a duration of two years.
Azad Engineering had previously entered a similar contract in May 2026, but at the time, it deemed the order insignificant and did not disclose it. However, following the assessment of the total combined value and duration of the two contracts, the company now considers this arrangement material and is disclosing it in compliance with SEBI regulations.
Azad Engineering described this approval as a significant milestone in its expanding role in India's domestic power generation equipment sector. The contract also aligns with BHEL's objectives of indigenizing critical gas turbine components. The company anticipates executing the order by October 9, 2028. This long-term rate contract is a domestic transaction, ensuring there are no related party transactions and it is executed at arm's length.
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