NSEBagging/Receiving of orders/contracts12 Oct 2026 · 12 Oct 2026, 03:44 pm

Bagging/Receiving of orders/contracts

Azad Engineering Limited · AZAD

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Azad Engineering Limited has bagged a two-year long-term rate contract from Bharat Heavy Electricals Limited (BHEL) for the supply of critical stationary and rotating airfoils (blades) for their heavy-duty gas turbines. The estimated value of the contract is approximately ₹52.68 crore.

Analysis Scores

Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10

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Full Announcement

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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AZAD2356_12102026154351_Covering.pdf

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AZAD October 12,2026 To To Ihe Listir-rg Departmer-rt "l'he Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Affairs Exclrange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers Bandra-I(ur'la Complex, Bandra (E) Dalal Sheet Mumbai - 400001 Mumbai - 400051 Scrip ID -544061 Scrip Code - AZAD Dear Sir/Madam, Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pttrsuant to Regulation 30 of the SEBI (Listing Obligations ancl Disclosure Recluircme.nts) Regulafions, 2015, we wish to inform you that AZAD Engineering Limitecl (" AZAD;') has bctr.r lpfrlo":d as a long-terrn soluce by Bharat Heavy Electricals Lirnitecl (BI{EL), a Maharahra Inciian Public Sector Ur-rdertakirrg, ancl has beerr awarcled a two-year Long Terrn ilate Contract ior thc: supply of critical stationary ancl rotating airfoils (blades) for their h"u,ry duty gas turbirres. 'l'he estitnated value of the conh'act is approximately t52.68 crore. Earlier, irr May ZOie, tne Companl, executed a similar rate contract. At the tirne of receipt, the Company hacl assessecl the saicl orcler as not material frol a business perspective, and it was therefore not disclosed. Cor-rsiclerirrg t6c cornbined value and cluration of the arrarlgellent, the sarne is now material and is accorclirrgly being disclosed herewith. This approval marks an important step in AZAD's growing role in India's clomestic po\ /er geueration equipment ecosystem ar-rd supports BHEL's indigenisation of critical gas t6rbine. cornponelrts. Tlre details requirecl pursuant to SEBI Master Circular No. FIO/49 /14/14(Z)2025- CID?OD2/I / 37 62 / 2026 dated January 30, 2026 are enclosed as Annexure - A. This is for your inforrnation and record. Thar-rking you. For Azad Engineering Limited G. Praneeth Abhishek Company Secretary, Compliance Officer and Head Legal M. No. 435583 Azad Engineering Limited Plot No.90/C, 90/D, Phase -i, Contact: O40-23097007 CIN NO: L7421OTG1.83P1C004132 N l.D.A., Jeedimetla, Hyderabad, Email:cs@azad.in '":llJ:ilEC^e452H12' A z AD\Y Telangana-500 055, lndia. Web: www.azad.in AZAD Annexure - A S. No. Particulars Details 1. Name of the entity awardirrg the Bharat Fleavy Elech'icals I-imitecl (RI IIll.) order(s) / conh'act(s); 2. Sigr-rificant terms aud conditions of Supply of critical stator valtes arrcl rotor. orcler(s)/contract(s) awarded in brief blades (airfoils) for gas turbines J. Whether orcler(s) / contract(s) have beerr Dornestic awarclecl by clornestic/ internatior-ral entity 4. Nature of orcler(s) / contract(s); Long Term Rate Conh'act 5. Whether dornestic or international Domestic Tirne period by which 6. the October 9,2028 or4er(s)/conh'act(s) is to be executed; 7. Broacl consicleration or size of the Approximately {52.68 crorc. order(s)/ corr kact(s); B. Whether the promoter/ prornoter group / No group cornpanies have any interest in the entity that awarcled order(s)/conh'act(s)? If yes, nature of interest and details tl-rereof 9. Whetl-rer the orcler(s)/contract(s) would No fall within relatecl party transactior-rs? If yes, whether the sarne is done at "arm's length Limited Azad Engineering A=--- Plot No.90/C, 90/D, Phase -1, Contact: O4O-23O97OO7 CIN NO: L7421OIG1983P1C004132 l----N i3,*,ii?1.$3'3;ilfl3iil", i[fl]'ffi9:111[ A z AD\y :'J]H:ilECAe452H1z',