HYDERABAD, Dec 20: MTAR Technologies Ltd has received Rs. 226 Crores of orders in Clean Energy and Aerospace segments.
The order includes Rs. 191 Cr of orders for various products from Bloom Energy in Clean Energy sector and Rs. 35 Cr of orders from reputed customers in Aerospace including Rafael, IMI Systems, and IAI, Hyderabad based company said ina release on Friday.
Furthermore, Rs. 225 Cr of orders are expected to be executed within one year and balance orders shall be executed by April 2026.
The order value reflects the Company’s increasing market share in Clean Energy and Aerospace sectors.
Commenting on the orders, Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies Ltd, 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 has eight strategically based manufacturing units including an export-oriented unit each based in Hyderabad.
(UNI)
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