MTAR Technologies Secures ₹200 Crore Orders in Clean Energy & Aerospace
MTAR Technologies Limited has received new orders totaling ₹200 crore across the clean energy and aerospace sectors.
Order Breakdown:
- Bloom Energy Corporation: USD 18.12 million (₹157.38 crore) for regular business, to be executed by January 2026.
- Fluence Energy LLC: First-time order of USD 0.31 million (₹2.73 crore), to be completed by April 2025.
- GKN Aerospace Phoenix, USA: Orders worth USD 0.83 million (₹7.26 crore), scheduled for December 2026 completion.
- IMI Systems Ltd: Orders worth USD 0.46 million (₹3.98 crore), to be executed by November 2025.
- Electronics Corporation of India Limited (ECIL): Orders worth ₹20.70 crore, completion by October 2027.
- IAI Ltd: Orders worth USD 0.58 million (₹5.03 crore), execution by November 2025.
- Liquid Propulsion Systems Centre (LPSC): Orders worth ₹1.6 crore, to be fulfilled by July 2025.
- Nuclear Power Corporation of India Limited (NPCIL): Orders worth ₹1.27 crore, execution by July 2026.
Future Growth Outlook
MTAR Technologies anticipates strong growth in Clean Energy and Aerospace, backed by its expanding order book. Additionally, the company expects significant orders in the Civil Nuclear Power sector by the end of FY25