MTAR Technologies Secures Rs. 226 Crores in Orders from Clean Energy and Aerospace Sectors
MTAR Technologies Ltd. has announced the receipt of orders worth Rs. 226 crores in the Clean Energy and Aerospace sectors, reflecting its expanding market presence. The orders include:
- Rs. 191 crores from Bloom Energy Corporation in the Clean Energy sector, continuing regular business.
- Rs. 35 crores from various Aerospace customers, including Rafael Advanced Defence Systems Ltd., IMI Systems Ltd., and IAI Ltd.
Order Execution Timeline:
Most of these orders (Rs. 225 crores) are expected to be completed within one year, while the remaining orders are scheduled for execution by April 2026.
Detailed Order Breakdown:
Bloom Energy Corporation:
- Order size: USD 22.57 million (approx. Rs. 190.90 crores)
- Order type: Continuation of regular business
- Execution period: Up to October 2025
- Location: International
IAI Ltd.:
- Order size: USD 1.81 million (approx. Rs. 15.31 crores)
- Order type: First order under a 15-year long-term agreement for aviation assemblies
- Execution period: Up to December 2025
- Location: International
Rafael Advanced Defence Systems Ltd.:
- Order size: USD 0.95 million (approx. Rs. 7.99 crores)
- Order type: Continuation of orders from an existing customer
- Execution period: Up to April 2026
- Location: International
IMI Systems Ltd.:
- Order size: USD 1.39 million (approx. Rs. 11.74 crores)
- Order type: Orders from an existing customer
- Execution period: Up to April 2025
- Location: International
These orders do not involve any interest from promoters, promoter groups, or group companies, nor do they qualify as related party transactions.
Outlook
Mr. Parvat Srinivas Reddy, Managing Director & Promoter of MTAR Technologies Ltd., expressed optimism about the growth prospects in the Clean Energy and Aerospace sectors, expecting further substantial orders in the future
