Azad Engineering Limited has informed the Exchange about signing of amendment agreement to the Strategic Supply Agreement executed with Nuovo Pignone S.r.l., an organisation part of Baker Hughes Company.
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Azad Engineering has signed Amendment No. 3 to its Strategic Supply Agreement with Nuovo Pignone S.r.l., part of Baker Hughes Company, dated April 23, 2026. The amendment responds to a significant increase in annual demand for critical turbomachinery components used in power generation applications. The original agreement, signed on March 6, 2024, remains in force for 5 years expiring in December 2030. This is an international order with an Italian company, strengthening Azad's partnership with global OEMs in the high-value energy equipment supply chain for oil and gas. The order size is confidential and not disclosed.
This signals growing demand from a major global customer and reinforces Azad Engineering's position in the turbomachinery components supply chain. The increased volumes from Baker Hughes should positively impact future revenues, though the exact financial benefit remains undisclosed due to confidentiality.