MTAR bags Rs. 226 Crs of orders in Clean Energy and Aerospace segments

MTAR Technologies Ltd has received Rs. 226 Crs of orders in Clean Energy and Aerospace segments. This includes Rs. 191 Crs of orders for various products from Bloom Energy in Clean Energy sector and Rs. 35 Crs of orders from reputed customers in Aerospace including Rafael, IMI Systems, and IAI. Furthermore, Rs. 225 Crs of orders are expected to be executed within one year and balance orders shall be executed by April 2026. The order value reflects the Company's increasing market share in Clean Energy and Aerospace sectors.

Commenting on the orders, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies Ltd, said, "We are optimistic about growth in Clean Energy and Aerospace verticals. The Company is expecting significant orders in both the segments going forward."

Shares of Mtar Technologies Limited was last trading in BSE at Rs. 1627.75 as compared to the previous close of Rs. 1557.60. The total number of shares traded during the day was 35984 in over 3772 trades.

The stock hit an intraday high of Rs. 1637.05 and intraday low of 1545.40. The net turnover during the day was Rs. 57521504.00.

Source : Equity Bulls

Keywords

MtarTechnologies INE864I01014 OrderWin CleanEnergy Aerospace