Azad Engineering inks Rs 340 crore deal with Arabelle Solutions France

HYDERABAD: Barely a week after inking a Rs 700 crore deal with Japanese giant Mitsubishi for supplying highly engineered rotating and stationary airfoils for power generation applications, Hyderabad-based Azad Engineering has now signed a $40 million (approx. Rs 340 crore) deal with French player Arabelle Solutions France.

The five-year contract will see Azad Engineering supply critical and highly complex rotating and stationary components for meeting the global demand for the nuclear power generation industry, Azad Engineering said in a regulatory filing on Tuesday.

With this, the company has orders worth Rs 4400 crore to Rs 4700 crore in hand with most of the contracts being long-term in nature, company officials said.

It was only last week that the company signed a five-year contract with Mitsubishi for supplying highly engineered and complex rotating and stationary airfoils for advanced gas and thermal power turbine engines to meet Mitsubishi's global demand for power generation industry.

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