MTAR Technologies Limited has announced a significant milestone by securing orders worth Rs. 200 crores across its Clean Energy, Civil Nuclear Power, MNC Aerospace, and Space verticals. This achievement further strengthens MTAR’s position as a key player in these industries.
Breakdown of Recent Orders
- Clean Energy – Fuel Cells: Rs. 157.4 crores worth of orders from Bloom Energy.
- Clean Energy – Energy Storage Systems: Rs. 2.7 crores in first article orders from Fluence.
- Civil Nuclear Power: Rs. 22.0 crores in orders.
- Space & Aerospace: Rs. 17.9 crores, including orders from ISRO and MNC aerospace customers.
Most of these orders are expected to be executed by the end of FY 2026.
According to Mr. Parvat Srinivas Reddy, Managing Director of MTAR Technologies, the company is set to receive volume orders for new products from both existing and new customers in Clean Energy and Space verticals. Discussions with reputed clients for additional projects are in the final stages, ensuring a strong order book in the coming quarters. The company anticipates significant growth in Clean Energy and Aerospace, with substantial Civil Nuclear Power orders expected by the end of FY 2025.
