Azad Engineering signs amendment to strategic agreement with Baker Hughes – Business Upturn
Azad Engineering has signed Amendment No. 3 to its Strategic Supply Agreement with Nuovo Pignone S.r.l., a part of Baker Hughes Company, on 23 April 2026. The original agreement was executed on 6 March 2024.
This amendment is a response to a significant increase in annual demand for critical turbomachinery components used in power generation applications. It forms an integral part of the original agreement, which remains in force for a term of five years, expiring in 2030.
The development aligns with Azad Engineering's strategic objective of strengthening its long-term partnerships with global original equipment manufacturers (OEMs) and expanding its presence in the high-value, technologically sophisticated energy equipment supply chain within the oil and gas industry.
The agreement with Nuovo Pignone S.r.l., an international entity, underscores Azad Engineering's commitment to enhancing its global footprint. The amendment does not involve any interest from the promoter or promoter group, and it does not fall within related party transactions.
Details regarding the size and consideration of the order remain confidential.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
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