Rs 979.40 Crore Order Book: Defence & Space Company Bags New Orders Worth Rs 19.20 Crore from Bloom Energy Corporation, ISRO, Sanmina - SCI India Pvt Ltd
The stock is up by 56.6 per cent from its 52-week low of Rs 1,152 per share.
MTAR Technologies Limited has secured new orders totalling Rs 19.2 crore across the clean energy and aerospace sectors. The majority of these orders, Rs 17.8 crore, are in the clean energy sector, with the remaining Rs 1.4 crore in aerospace. Notably, Rs 4.7 crore of the clean energy orders are for the development of new products. Successful execution of these new product orders is projected to generate an annual recurring revenue of Rs 10 crores, highlighting MTAR's commitment to innovation and sustained growth.
The orders come from a mix of international and domestic clients. Bloom Energy Corporation, an international entity, placed an order worth approximately Rs 13.84 crore (USD 1.61 million) for the clean energy sector, with an execution timeline up to January 2026. Domestically, ISRO awarded a contract worth Rs 1.38 crore for the aerospace sector, to be completed by May 2026. Additionally, Sanmina–SCI India Private Ltd provided an order worth Rs 3.98 crore also in the clean energy sector, with an execution period extending to July 2025. All these orders are from existing customers and represent a continuation of regular business operations for MTAR.
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About the Company
MTAR has nine strategically based manufacturing units, including an export-oriented unit, each based in Hyderabad, Telangana. MTAR caters to Clean Energy – Civil Nuclear Power, Fuel cells, Hydel & others, Space and Defence sectors. The Company has a long-standing relationship of over four decades with leading Indian organisations and global OEMs.
With a strong presence in Hyderabad, the company boasts a market capitalisation of over Rs 5,500 crore and a substantial order book of Rs 979.40 crore as of March 31, 2025. MTAR has demonstrated a steady growth trajectory, with a median sales growth of 16.5 per cent over the past 10 years. The stock is up by 56.6 per cent from its 52-week low of Rs 1,152 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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