MTAR declared Ll bidder for projects worth approximately Rs. 135 Cr in Civil Nuclear Power Sector

MTAR has been declared L1 bidder for tenders floated by NPCIL for Fuel Transfer System of GHAVP 1 & 2 reactors and FM Bridge & Carriage assemblies of Kaiga 5 & 6 / GHAVP 3 & 4 nuclear reactors. The combined value of orders is approximately Rs. 135 Cr and purchase orders for the same are expected in Q1 FY 23.

Commenting on the same, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, "While we have witnessed sustained order inflows from Clean Energy in FY 22, the order inflows from Domestic sector have picked up as we come out of the COVID-19 pandemic impact. Significant tenders for fleet reactors are expected to be floated in FY 23. Fuel Transfer System assembly for which we have been declared L1 shall be a new product for MTAR. The Company has been emphasizing on enhancing its existing product portfolio and customer base by increasing its wallet share with the existing customers and by adding new customers and new products in diverse sectors."

Shares of Mtar Technologies Limited was last trading in BSE at Rs. 1977.70 as compared to the previous close of Rs. 1977.70. The total number of shares traded during the day was 9443 in over 1737 trades.

The stock hit an intraday high of Rs. 2000.20 and intraday low of 1940.00. The net turnover during the day was Rs. 18624781.00.

Source : Equity Bulls

Keywords

MtarTechnologies INE864I01014 OrderWin NPCIL L1Bidder FuelTransferSystem