MTAR Technologies Limited saw its shares rise by 3% in morning trade after announcing fresh orders worth approximately ₹263.54 crore (USD 29.95 million) from an existing international customer. As of 9:21 AM, the shares were trading 3.15% higher at Rs 2,545.10.
The Hyderabad-based precision engineering company disclosed the update in its exchange filing on Thursday, noting that the client’s name remains undisclosed due to confidentiality agreements.
The newly bagged order will be executed over a period spanning the third quarter of FY26 to the second quarter of FY27. MTAR said this development strengthens its long-standing business relationship with the customer and highlights sustained global demand for its advanced manufacturing and engineering capabilities.
According to the company’s execution schedule, the phased deliveries will take place as follows:
-
Q3 FY26: USD 5.11 million
-
Q4 FY26: USD 9.58 million
-
Q1 FY27: USD 10.29 million
-
Q2 FY27: USD 4.97 million
MTAR clarified that the orders are not related-party transactions and that no promoter group holds any interest in the awarding entity.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
