Mtar Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts worth Rs. 34 Crores in Clean Energy and Aerospace Sectors.
MTARTECH · price
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MTAR Technologies has secured orders worth Rs. 34 Crores from two international clients, both of which are existing customers. Bloom Energy Corporation (USA) placed an order worth USD 2.45 Mn (~Rs. 21.02 Cr) in the Clean Energy sector, to be executed by September 2025. Rafael Advanced Defense Systems (Israel) placed an order worth USD 1.51 Mn (~Rs. 12.98 Cr) in the Aerospace sector, to be executed by March 2026. Both orders are part of regular ongoing business and are denominated in US dollars. Management stated it is looking to convert these initial orders into larger volume and long-term contracts.
The orders strengthen MTAR's international order book and validate demand from global OEMs in clean energy and aerospace, both key focus areas. Repeat business from Bloom Energy and Rafael signals customer confidence, with potential for follow-on volume orders that could positively affect future revenue visibility.