Latest news with #MTARTechnologiesLimited
Business Upturn
11 hours ago
- Business
- Business Upturn
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.
Business Upturn
14-05-2025
- Business
- Business Upturn
MTAR Technologies wins Rs 34 crore orders in clean energy and aerospace sectors
By Aman Shukla Published on May 14, 2025, 09:09 IST MTAR Technologies Limited has received orders worth approximately ₹34 crore for the manufacture and supply of precision-engineered components in the Clean Energy and Aerospace sectors. These orders are scheduled for execution by the end of FY 2025-26. The contracts have been awarded by two international clients: Bloom Energy Corporation , for Clean Energy-related components valued at approximately USD 2.45 million (₹21.02 crore), to be delivered by September 2025 . Rafael Advanced Defense Systems Limited, for Aerospace components worth approximately USD 1.51 million (₹12.98 crore), to be fulfilled by March 2026. Both contracts are from existing customers and are a continuation of ongoing business relationships. MTAR Technologies operates nine manufacturing units, including an export-oriented unit, in Hyderabad, Telangana. The company provides engineering and manufacturing solutions across sectors such as Clean Energy (including Civil Nuclear Power and Fuel Cells), Space, and Defense. According to the company, it is in discussions with various customers for long-term supply agreements and has recently completed initial deliveries of new products in the targeted sectors. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
