11 hours ago
MTAR Technologies receives Rs 19.2 crore worth of orders in clean energy and aerospace sectors
By Aditya Bhagchandani Published on June 9, 2025, 09:01 IST
MTAR Technologies Limited announced on June 9, 2025, that it has secured orders totaling Rs 19.2 crore across the clean energy and aerospace sectors. Of this, clean energy accounts for Rs 17.8 crore, while aerospace contributes Rs 1.4 crore. Notably, Rs 4.7 crore worth of orders are earmarked for the development of new products in the clean energy domain. The company expects these newly developed products, once the first articles are successfully executed, to generate an annual recurring revenue of approximately Rs 10 crore.
Among the clients awarding these contracts are Bloom Energy Corporation (international), ISRO, and Sanmina–SCI India Private Ltd (domestic). The contracts are part of MTAR's ongoing business engagements and are slated for execution by July 2025 to January 2026.
MTAR emphasized that these order wins reflect its continued push for innovation and product development, reinforcing its long-term growth strategy. With nine manufacturing units in Hyderabad, including export-oriented facilities, MTAR serves sectors such as civil nuclear power, fuel cells, hydroelectric energy, space, and defense.
The company assured that none of the new contracts involve related party transactions and all are awarded on an arm's length basis.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
