MTAR Technologies shares surged more than 4% in early morning trade on Wednesday after the Hyderabad-based precision engineering company announced a significant order win in the clean energy segment. As of 9:17 AM, the shares were trading 4.22% higher at Rs 1,472.20.
The company disclosed that it has received fresh orders worth USD 43.87 million (approximately ₹386 crore) from its long-term customer, Bloom Energy Corporation.
According to the company’s stock exchange filing, these orders reinforce MTAR’s strong foothold in the fuel cell technology space and highlight the growing demand for clean energy solutions. The orders will be executed in phases, with ₹205 crore scheduled for completion by March 2026 and the remaining ₹181 crore by June 2026.
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