AZAD Engineering to Invest Rs.500 crores on the 3rd lean manufacturing plant in Hyderabad – lays foundation stone on site4 min read
Hyderabad (Telangana) [India], November 23: Azad Engineering Pvt Ltd, a Hyderabad based market leader in Precision Engineering, a company that caters to the Energy, Aerospace, Heavy Machining, and Oil & Gas Global OEMs, is in the process of setting up its 3rd state-of-the-art lean Manufacturing Facility & Centre of Excellence of Global Standards at Tunki Bollaram, Medchal Malkajgiri District of Telangana.
The company recently laid the foundation stone at the site and plans to invest over Rs 500 crores over the next 3 years on this plant. Spanning over an area of 23.45 acres, in a phased manner, this facility will create a one-of-its-kind precision manufacturing eco-system that will feature Uber- Smart, Lean and Modern Shop floors with the most advanced manufacturing technology and will showcase cutting-edge futuristic technologies such as Industrial Artificial Intelligence, Robotics, Digitization, Lean etc. The company is also planning to acquire IGBC Gold Rated Green Building certification for this Plant. The construction of the first phase of 30,000 sq meters will be completed by July 2022. Hence, this facility will be operational by Q2FY23 and will primarily manufacture and export supercritical components for Global OEMs in the Aviation and Power Generation Industry such as GE, Mitsubishi, Siemens, Toshiba, MAN, Doosan Skoda, GE Aviation, BOEING, HONEYWELL, EATON, RAFAEL, BHEL, HAL, Baker Hughes among others. Besides, the setting up of this Plant will benefit the local communities in and around its vicinity as it is expected to create employment opportunities for around 1000 people.
Speaking to the media, Rakesh Chopdar, Managing Director, AZAD Engineering, said, “Setting up this 3rd plant is part of our strategic initiative to significantly scale up our manufacturing operations by investing in world-class, Industry 4.0 lean manufacturing facility to cater to the demand of our esteemed global clientele. We are very excited for this new phase of our growth, and so we are investing in creating a facility that will feature unique capabilities in Precision Forging, Sheet Metal Fabrication, HVOF, TBC, Thermal spray Coating, EB Welding, Chemical processing (NADCAP), Metal Joining (NADCAP), Non-conventional processes (NADCAP), Fluid distribution system (NADCAP), Facility for – ETF / ITF and specialty fasteners, Testing laboratory (NABL) along with Robotics and automation to name a few.
It took us years to clear all the major stringent entry barriers, and now is the time to ramp up the scale of production to meet the demands. AZAD is all set to witness rapid ramp-up in the top line with each of its clients, given the qualification process is already completed and all the business contracts/orders are in place. We are all set to grow a CAGR of over 50% over the next 5 years with an impressive and sustainable bottom line.
AZAD Engineering Pvt Ltd was established in 2008 by first-generation entrepreneur Rakesh Chopdar, Azad Engineering is a world-class manufacturer of highly engineered, complex, and supercritical rotating components for niche turbine and aerospace industry used for Power Generation and Aircraft OEMs. Years of combined experience and relentless pursuit of economical solutions to complex and critical manufacturing challenges have positioned Azad as an industry leader with a clear monopoly in India & catering to the world, Azad is still the ONLY qualified rotating component manufacturer in India for several high-end technology turbines to many OEM’s. Azad, over the last few years, has focused on securing qualifications and today stands qualified for all models and frames for its client base, making it the only qualified partner for its product line from India. A typical qualification process lead time is typically 3-3.5 years for a new entrant, Azad’s focus on qualification has not hindered their healthy CAGR growth of 15% since its inception.
Azad, an end-to-end solution provider, has established itself as a one-stop partner for reputed global power generation & Aerospace OEMs. The company expects to deepen its relationship as a preferred partner and continue to enjoy the flagship position with a new facility coming up over the next 18-24 months.
Earlier in the month of June’21, Azad Engineering had successfully closed its first round of funding of USD 20 Mn from DMI Finance Pvt. Ltd, a Non-Banking Finance Company (“NBFC”) founded in 2008, whose core businesses include wholesale finance.
With a mission to put India on the global radar, Azad Engineering has challenged the current mindset around manufacturing in India to establish India as a one-stop world-class facility & is keen to be the torchbearer of Indian specialized manufacturing for all the end-to-end needs of a global OEM. He envisions transforming the entire manufacturing industry using digital manufacturing and Industrial AI, right from the design process and production floor to the supply chain and administration.
15 thoughts on “AZAD Engineering to Invest Rs.500 crores on the 3rd lean manufacturing plant in Hyderabad – lays foundation stone on site”
hello there and thank you for your info – I’ve definitely picked up anything new from right here.
I did however expertise several technical points using this web site, since
I experienced to reload the web site lots of times previous to I could get it
to load properly. I had been wondering if your hosting is
OK? Not that I am complaining, but slow loading instances times
will sometimes affect your placement in google
and can damage your high-quality score if ads and marketing with Adwords.
Well I am adding this RSS to my email and can look out for much more of your respective interesting
content. Ensure that you update this again soon.
Hi it’s me, I am also visiting this website daily, this website is in fact fastidious and the people are genuinely sharing good thoughts.
Really no matter if someone doesn’t know afterward its up to other viewers that they will help, so here it occurs.
Hello There. I found your blog using msn. This is a very well written article.
I’ll be sure to bookmark it and return to read more of your useful information. Thanks for the post.
I’ll certainly comeback.
Having read this I thought it was rather informative.
I appreciate you spending some time and energy to put this informative article together.
I once again find myself spending a lot of time both reading and leaving comments.
But so what, it was still worthwhile!
you are in point of fact a just right webmaster. The site loading velocity is amazing.
It kind of feels that you are doing any distinctive trick.
Furthermore, The contents are masterwork. you have performed a wonderful activity in this
Greetings! This is my first visit to your blog! We are a collection of volunteers
and starting a new initiative in a community in the same niche.
Your blog provided us beneficial information to work on.
You have done a wonderful job!
naturally like your website but you have to take a
look at the spelling on several of your posts. A number of them are rife with spelling issues and I find
it very troublesome to tell the truth nevertheless I will
surely come again again.
That is a really good tip especially to those fresh to the
blogosphere. Short but very accurate information… Thanks for sharing this one.
A must read post!
At this time it sounds like Drupal is the top blogging platform out there right now.
(from what I’ve read) Is that what you’re using on your blog?
Hello, i read your blog occasionally and i own a similar one and i was just
curious if you get a lot of spam remarks?
If so how do you stop it, any plugin or anything you can advise?
I get so much lately it’s driving me crazy so any
help is very much appreciated.
Hi! I just wanted to ask if you ever have any problems with hackers?
My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no
back up. Do you have any solutions to protect against hackers?
Hmm is anyone else having problems with the images on this blog
loading? I’m trying to determine if its a problem on my end or if it’s the blog.
Any suggestions would be greatly appreciated.
An outstanding share! I’ve just forwarded this onto a co-worker
who had been conducting a little homework on this. And he in fact ordered me breakfast
due to the fact that I found it for him… lol. So allow me to reword this….
Thank YOU for the meal!! But yeah, thanx for spending the time to discuss this subject here on your
YourDoll JP 顧客の産業施設のセックス人形の写真-ALONDRA– 158 CM | 5’FT 1 “-D CUP–AFドール