Boosting its market share in clean energy and aerospace, MTAR Technologies has landed ₹2.26 billion in orders from global clients like Bloom Energy, Rafael, and IMI Systems.
Hyderabad-based MTAR Technologies Ltd has secured a total of ₹2.26 billion in orders across the clean energy and aerospace sectors. This includes an order worth ₹1.91 billion for various products from Bloom Energy in the renewable energy segment and ₹350 million worth of orders from customers in the aerospace, such as Rafael, Israel Military Industries (IMI) Systems, and Israel Aerospace Industries (IAI).
The company expects to complete ₹2.25 billion of these orders within the next year, while the remaining orders will be fulfilled by April 2026.
According to MTAR, the value of these orders highlights its growing market presence and its expanding share in the industries.
Parvat Srinivas Reddy, the managing director and promoter of MTAR Technologies, expressed optimism with the orders. He noted, “The company is expecting significant orders in both clean energy and aerospace segments going forward.”
The company operated eight manufacturing units, including one export-oriented unit, all based in Hyderabad, Telangana. These facilities are involved in sectors such as clean energy (including civil nuclear power, fuel cells, and hydel), space, and defence.
Over the past four decades, MTAR has built relationships with many Indian and global Original Equipment Manufacturers (OEMs), across these industries.
The company is also listed on the Bombay Stock Exchange (BSE) and on the National Stock Exchange (NSE). On Friday morning, MTAR Technologies’ shares traded at ₹1,771.25 on the NSE as observed by moneycontrol.
