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Business EconomyPosted at: Feb 6 2025 6:29PM


Hyd: MTAR Technologies gets orders worth Rs. 200 crore

Hyderabad, Feb 6 (UNI) MTAR Technologies Limited on Thursday said it has secured orders worth Rs. 200 Crores in Clean Energy – Fuel Cells, Civil Nuclear Power, MNC Aerospace and Space verticals.
Of the total orders, Rs. 157.4 crores of orders are from Bloom Energy in Clean Energy – Fuel cells division, Rs. 2.7 crores of orders are for first articles from Fluence in Clean Energy – Energy Storage systems, Rs. 22 crores of orders are from Clean Energy - Civil Nuclear Power and Rs. 17.9 crores orders are from Space including orders from ISRO and MNC Aerospace customers, the Hyderabad based company said in a release here.
Majority of the orders will get executed by the end of FY 26.
“We are in the final stages of discussion with reputed customers for various other projects that will strengthen our order book over the coming quarters. We expect to register significant growth in Clean Energy and Aerospace verticals backed by a robust order book going forward. In addition, we are expecting substantial orders in Civil Nuclear Power by the end FY 25.”, said Parvat Srinivas Reddy, Managing Director, MTAR Technologies Limited.
The company has eight strategically based manufacturing units including an export-oriented unit based in Hyderabad.
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