Hyderabad-based Azad Engineering Ltd on Wednesday (February 5) said it has signed a long-term agreement with Rolls-Royce PLC, London, to manufacture and supply critical civil aircraft engine components.

“…we hereby inform you that Rolls-Royce PLC, London- United Kingdom inks deal with AZAD Engineering Limited, Hyderabad- India to produce CIVIL AIRCRAFT ENGINE components in AZAD, India to supply on a long-term basis super critical complex machined parts for a period of life of the Engine Program,” Azad Engineering said in a regulatory filing.

Also Read: CMS Info Systems Q3 Results | Net profit up 7% to ₹93 crore, company declares interim dividend

Under this deal, Azad Engineering will produce highly complex machined parts in India for the entire lifecycle of the engine program. This agreement strengthens the ongoing collaboration between Azad Engineering and Rolls-Royce, reinforcing their commitment to aerospace manufacturing, precision engineering, and innovation.

“This milestone agreement marks another new chapter of CIVIL AIRCRAFT ENGINE COMPONENTS in the collaboration between Azad Engineering and Rolls Royce, reinforcing both organizations’ commitment to innovation, precision engineering, and excellence in Aerospace Manufacturing,” it said.

Also Read: Cummins Q3 numbers beat the Street, net profit rises 13%; declares dividend

Shares of Azad Engineering Ltd ended at ₹1,470.00, down by ₹15.65, or 1.05% on the BSE.