MTAR Technologies Shares Jump 4% After Securing ₹226 Crore Orders in Clean Energy and Aerospace Sectors
Shares of MTAR Technologies Ltd rose by over 4% in today’s trading session after the company announced securing significant orders worth ₹226 crore. The company received these orders from major players in the Clean Energy and Aerospace sectors, including a ₹191 crore order from Bloom Energy and ₹35 crore worth of orders from aerospace customers like Rafael, IMI Systems, and IAI.
The stock price climbed 4.43%, reaching a high of ₹1,699.95 on the Bombay Stock Exchange (BSE).
MTAR Technologies’ Major Orders
MTAR Technologies has secured two major contracts:
- Bloom Energy (Clean Energy Sector): MTAR received orders worth ₹191 crore for various products from Bloom Energy, a global leader in manufacturing fuel cells for the clean energy market.
- Aerospace Orders: MTAR also bagged ₹35 crore worth of orders from notable aerospace clients, including:
- Rafael Advanced Defence Systems: ₹7.99 crore
- IMI Systems: ₹11.74 crore
- IAI Ltd: ₹15.31 crore
This diverse order book signals MTAR’s growing presence in both the Clean Energy and Aerospace industries.
Execution Timelines and Growth Outlook
MTAR Technologies expects to complete ₹225 crore of the new orders within the next year, with the remaining orders set to be fulfilled by April 2026. The company’s management is optimistic about continued growth in both sectors.
Parvat Srinivas Reddy, MD & Promoter of MTAR, expressed confidence in the company’s future, stating, “We are optimistic about growth in Clean Energy and Aerospace verticals. The company is expecting significant orders in both segments going forward.”
Financial Performance and Client Dependency
A significant portion of MTAR’s revenue comes from its long-term partnership with Bloom Energy, which accounts for nearly 70% of its total revenue in FY24. However, this client concentration has raised concerns in the past, particularly when Bloom Energy transitioned its product line, slowing order flows to MTAR.
Looking ahead, experts believe MTAR has overcome these challenges. With a diversified client base and strong future order flows, MTAR is poised for growth.
About MTAR Technologies
MTAR Technologies specializes in providing critical products to the Clean Energy, Aerospace, and Defense sectors. The company operates eight strategically located manufacturing units, including one export-oriented unit in Hyderabad, Telangana. MTAR is also involved in producing mission-critical assemblies for the civil nuclear power, hydel power, space, and defense industries.
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Disclaimer: Daily Dose 360 provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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