Private Equity Fund Investments
Precision engg player Azad raises $20-M from DMI
Hyderabad-based precision engineering player Azad Engineering has raised USD 20 million from DMI Management. The company will use the funds in setting up its second manufacturing facility spread over 50 acres in Hyderabad at an investment of USD 80 million over the next three years. It has an order book of USD 250 million over the next five years. Azad Engineering manufactures critical rotating components for power generation and aircraft OEMs in the niche turbine and aerospace industry.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
