Azad Engineering Amends Strategic Agreement with Baker Hughes' Nuovo Pignone
Azad Engineering signed Amendment No. 3 to its Strategic Supply Agreement with Nuovo Pignone on April 23, 2026, addressing increased demand for turbomachinery components in power generation. This amendment supports Azad's objective to enhance its partnerships with OEMs and expand within the energy equipment supply chain.
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On April 23, 2026, Azad Engineering executed Amendment No. 3 to its Strategic Supply Agreement with Nuovo Pignone S.r.l., part of Baker Hughes Company, originally signed on March 6, 2024. This amendment addresses a significant rise in demand for turbomachinery components used in power generation applications and is part of a five-year agreement expiring in 2030.
The amendment reinforces Azad's strategy to strengthen partnerships with global OEMs and expand its footprint in the oil and gas supply chain. Notably, the amendment does not involve interests from the promoter or related party transactions, which may indicate a focus on transparency.
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