MTAR Technologies Bags ₹19.2 Crore Orders from ISRO, Bloom Energy, And Sanmina
By Shishta Dutta | Updated at: Jun 9, 2025 10:51 AM IST
MTAR Technologies Ltd (BSE: 543270, NSE: MTARTECH) has received new orders worth ₹19.2 crore from the clean energy and aerospace sectors. The development highlights the company’s ongoing traction with domestic and international clients, as well as its active pursuit of high-growth and innovation-led segments.
Order Summary
The contract details are as follows:
| Customer | Sector | Order Value | Order Type | Geography | Execution Timeline |
|---|---|---|---|---|---|
| Bloom Energy Corporation | Clean Energy | USD 1.61 million (~₹13.84 crore) | Regular business order | International | By January 2026 |
| ISRO | Aerospace | ₹1.38 crore | Regular business order | Domestic | By May 2026 |
| Sanmina-SCI India Pvt. Ltd. | Clean Energy | ₹3.98 crore | Regular business order | Domestic | By July 2025 |
All orders are within the scope of ongoing customer relationships.
What’s Next for the Company?
MTAR confirmed that ₹4.7 crore of the orders are dedicated to the development of new clean energy products, with successful execution expected to generate recurring annual revenue of ₹10 crore. This highlights MTAR’s innovation pipeline and its strategic commitment to sustainable technologies. “Consistent addition of new products exemplifies the company’s focus on sustaining its growth trajectory and innovation,” the company noted in its statement.
MTAR Technologies Share Performance
MTAR Technologies’ share price gained 0.073% at 09:15 am on Monday, June 9, 2025, trading at ₹ 1,772 in the National Stock Exchange. In the last year, MTAR Technologies’ shares have gained 2.96%, are up 5.8% year-to-date, and increased by 23.61% in the previous month.
About MTAR Technologies
MTAR Technologies Ltd is a Hyderabad-based precision engineering company catering to sectors such as Clean Energy (Civil Nuclear, Fuel Cells, Hydel), Space, and Defense. With nine manufacturing units, including export-oriented facilities, MTAR has established enduring partnerships with Indian government agencies and global original equipment manufacturers (OEMs) over the past four decades.
The company is listed on both BSE and NSE under the ticker MTARTECH, and continues to expand its footprint across high-tech and mission-critical manufacturing domains.
REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/a9aa4ed3-714b-4716-a3f4-1d59688598e9.pdf
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