Azad Engineering (NSE:AZAD, BOM:544061) has signed a six-year supply agreement worth approximately $53.5 million with GE Steam Power through its Switzerland-based business, GE Vernova Power, according to a Sunday filing with the Indian bourses.

The order is for manufacturing and supplying advanced rotating and stationary airfoils for GE's nuclear, industrial, and thermal power operations globally, the filing said.

The order is to be executed in six years.

Azad Engineering shares were up nearly 5% in early Monday trade.