MTAR Technologies, a precision engineering business, announced in a statement that it has received orders in the clean energy sector, including civil nuclear power, for Rs. 540 crores.
“We are delighted with the new order inflows in the Clean Energy sector. The company is looking forward to strengthening the Clean Energy vertical further to power a safer future” MTAR Managing Director Parvat Srinivas Reddy commented. MTAR supplies a significant amount of the equipment for India’s esteemed space, nuclear, defence, and aerospace programmes. The company is currently looking toward increasing its revenue by 55 to 60 per cent in the current financial year. Earlier the Managing director talked about new upcoming projects funded by the government.
MTAR is the place for all engineering requirements, including design, manufacture, and integration. With more than 300 cutting-edge machineries, internal Heat Treatment and Surface Treatment facilities, and sizable clean rooms, it has seven specialised divisions in Hyderabad.