Azad Engineering Limited — Important, 12-11-2024: General Updates

AZAD Engineering has signed a supply agreement with Arabelle Solutions France to provide critical and highly complex rotating and stationary components for the nuclear power generation industry. The total value of this agreement is approximately USD 40 million (INR 340 Crore) for its entire duration, marking the beginning of a strategic collaboration between the two companies. The agreement aims to address the growing global demand in this sector. AZAD’s partnership with a renowned French company showcases its commitment to expanding its capabilities and market presence in the international arena, presenting a positive outlook for future growth and opportunities in the nuclear power segment.