MTAR Technologies receives orders of $22.12 Mn in Clean Energy

MTAR Technologies Limited, Hyderabad has received an export order for USD 22.12 Mn (approximately Rs 174.6 Crores) in Clean Energy Segment. The orders are expected to be executed from Jan 2023 to June 2023.

Commenting on the same, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said "Clean Energy sector is poised to grow at an accelerated pace amidst the global carbon emission reduction targets. The green hydrogen market in India is expected to be USD 8 billion by 2030 and USD 340 billion by 2050. NITI Aayog has suggested a Production Linked incentive scheme for electrolyser and fuel cells. MTAR is well positioned to capture the lucrative market potential available in Clean Energy sector."

Shares of Mtar Technologies Limited was last trading in BSE at Rs. 1269.75 as compared to the previous close of Rs. 1247.60. The total number of shares traded during the day was 39831 in over 5319 trades.

The stock hit an intraday high of Rs. 1283.95 and intraday low of 1230.00. The net turnover during the day was Rs. 50025464.00.

Source : Equity Bulls

Keywords

MTARTechnologies INE864I01014 OrderWin ExportOrder CleanEnergy