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BUSINESS

Azad Engineering is India’s First Supplier of Nuclear Turbine Components

Azad Engineering shares rallied after ADIA picked up a 0.67% stake in the company.

Azad Engineering Private Limited, a Hyderabad-based precision engineering market leader, has been approved as the first Indian company to supply critical rotating components for nuclear turbines.

The company has delivered the first set of critical components. These will now be assembled on nuclear turbines built in Belfort, France.

Azad Engineering has signed a long-term supply agreement with General Electric (GE) Steam Power to supply nuclear turbine components. This opens up substantial supply opportunities, the company said.

GE Steam Power said it offers power plants a broad portfolio of technologies and services to help customers deliver reliable electricity as they transition to a low-carbon future.

The world is rapidly moving towards using green and zero-emission clean energy to produce energy. Nuclear power is currently one of the most cost-effective, clean and zero-carbon sources of electricity. It is one of the best alternatives to coal-fired power plants.

Azad Engineering, an end-to-end solutions provider, is looking to deepen its relationship as a preferred partner over the next 18 to 24 months and continue to enjoy flagship status with a new facility to be completed soon.

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