MTAR Technologies Ltd secures Rs. 386 Crs orders in Clean Energy - Fuel cells segment

MTAR Technologies Limited has secured Rs. 386 Crs orders in Clean Energy - Fuel cells segment, underscoring the robust growth potential of this segment. Out of total order value, Rs. 205 Crs will be executed by Q4 of FY 26, with the balance scheduled for execution in Q1 FY27.

"The company continues to strengthen its presence in the Clean Energy - Fuel Cells segment, driven by its cutting-edge product portfolio, timely execution, and cost competitiveness, despite macro challenges such as tariffs. In addition, we expect further orders from fuel cells segment going forward," said Mr. Parvat Srinivas Reddy, Managing Director, MTAR Technologies Limited.

Shares of Mtar Technologies Limited was last trading in BSE at Rs. 1472.80 as compared to the previous close of Rs. 1412.75. The total number of shares traded during the day was 24451 in over 2389 trades.

The stock hit an intraday high of Rs. 1485.65 and intraday low of 1450.05. The net turnover during the day was Rs. 35981627.00.

Source : Equity Bulls

Keywords

MtarTechnologies INE864I01014 IndustrialMachinery OrderWin CleanEnergy FuelCells