Azad Engineering Limited has signed a new long term contract & price agreement (LTCPA) with Mitsubishi Heavy Industries Limited, Japan (MHI), valued at USD ($) 73.47 million (INR ~ 651 crores) for supply of highly engineered and complex rotating and stationary Airfoils for advanced Gas & Thermal Power turbine engines to meet their global demand in the power generation industry. This contract is incremental to last signed contract on 3rd November 2024. This Phase 2 of the contract, is a robust step towards cementing our everlasting strategic relationship with Mitsubishi Heavy Industries Limited, Japan (MHI) and with the addition of this agreement, the combined value of contract now stands at USD 156.36 million (INR~1387 crores).