MTAR Technologies Bags New Orders Worth INR2.3 Billion

MT Newswires Live

2024/12/20

Components and equipment manufacturer MTAR Technologies (NSE:MTARTECH, BOM:543270) has recieved four new orders worth a total of 2.26 billion Indian rupees from international clients, according to a Friday filing to the stock exchanges.

The first order worth 1.91 billion rupees is from Bloom Energy and involves the supply of various products in the clean energy sector.

The other three, totaling 350 million rupees, are from customers in the aerospace sector, comprising Rafael Advanced Defence Systems, IMI Systems, and IAI.

All the contracts will be executed by April 2026.

Price (INR): ₹1665.45, Change: ₹+38, Percent Change: +2.34%

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