Rs 942.25 Crore Order Book: Defence & Space Company Receives Orders Worth Rs 34 Crore from Bloom Energy Corporation & Rafael Advanced Defense Systems

The stock is up by 35 per cent from its 52-week low of Rs 1,152 per share.

MTAR Technologies Limited has received significant orders worth Rs 34 crore, from international entities Bloom Energy Corporation for an order worth USD 2.45 Mn (approximately Rs 21.02 Crores) to be executed by September 2025, and Rafael Advanced Defense Systems Limited for an order worth USD 1.51 Mn (approximately Rs 12.98 Crores) with an execution timeline up to March 2026; these orders represent continued business in the Clean Energy and Aerospace sectors from existing customers.

About the Company

MTAR Technologies Ltd is a prominent Indian engineering company specialising in the development and manufacturing of components and equipment for the defence, aerospace, nuclear and clean energy sectors. Founded in 1970, MTAR has been catering to the technical and engineering needs of the Indian government for several decades. With a strong presence in Hyderabad, the company boasts a market capitalisation of over Rs 4,800 crore and a substantial order book of Rs 942.25 crore as of December 31, 2024. MTAR has demonstrated a steady growth trajectory, with a median sales growth of 16.4 per cent over the past 10 years.

The company has projected a revenue growth of 30-35 per cent for the fiscal year ending in 2025. To mitigate risks, MTAR is actively diversifying its customer base and has secured long-term agreements with multinational companies in the aviation sector. Furthermore, the company is committed to enhancing its EBITDA margins through effective cost management strategies. The stock is up by 35 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.