MTAR Technologies Ltd Share Price – NSE  / BSE

Aerospace & Defence, Small Cap

This includes Rs 191 crore of orders for various products from Bloom Energy in clean energy sector and Rs 35 crore of orders from reputed customers in aerospace including Rafael, IMI Systems, and IAI.

The order value reflects the company’s increasing market share in Clean Energy and Aerospace sectors,” MTAR Tech said in a statement.

Furthermore, the company expects that orders worth Rs 225 crore would be executed within one year and balance orders shall be executed by April 2026.

Parvat Srinivas Reddy, managing director & promoter, MTAR Technologies, said: We are optimistic about growth in clean energy and aerospace verticals. The company is expecting significant orders in both the segments going forward.”

MTAR Technologies is a leading manufacturer engaged in manufacturing and development of mission critical precision engineered systems catering to clean energy – civil nuclear power, fuel cells, hydel & others, space, and defence sectors. The company has a long-standing relationship of over four decades with leading Indian organisations and global OEMs. It has seven strategically based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana.

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MTAR Technologies has received Rs. 226 crore of orders in Clean Energy and Aerospace segments. This includes Rs. 191 crore of orders for various products from Bloom Energy in Clean Energy sector and Rs. 35 crore of orders from reputed customers in Aerospace including Rafael, IMI Systems, and IAI. Furthermore, Rs. 225 crore of orders are expected to be executed within one year and balance orders shall be executed by April 2026.

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MTAR Technologies announced that Gangapatnam Venkata Satish Kumar Reddy (DIN: 06535717), Non-Executive Director of the Company has resigned from the Board of Directors of the Company effective from 13 December 2024.

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Net profit of MTAR Technologies declined 8.26% to Rs 18.77 crore in the quarter ended September 2024 as against Rs 20.46 crore during the previous quarter ended September 2023. Sales rose 13.66% to Rs 187.08 crore in the quarter ended September 2024 as against Rs 164.60 crore during the previous quarter ended September 2023.

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