MTAR Technologies Secures ₹1.27 Billion Nuclear Power Order

HYDERABAD, India — MTAR Technologies Limited announced on Wednesday, August 26, 2026, that it has secured new purchase orders valued at ₹1.2674 billion (approximately ₹1.27 billion) from the state-owned Nuclear Power Corporation of India Limited (NPCIL). The Hyderabad-based precision engineering components manufacturer submitted the formal regulatory disclosure to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The contract covers the supply of critical coolant channel assemblies required for the major refurbishment of the RAPS-4 (Rajasthan Atomic Power Station Unit 4) and MAPS-2 (Madras Atomic Power Station Unit 2) reactors. The execution timeline for the contract runs through May 26, 2028.

Contract Scope and Technical Execution

The newly awarded domestic purchase order is part of an ongoing business relationship with NPCIL, a key long-term customer for MTAR Technologies in the civil nuclear energy domain.

Key details outlined in the official regulatory filing and press release include:

• Awarding Entity: Nuclear Power Corporation of India Limited (NPCIL), a public sector enterprise under the Department of Atomic Energy.

• Contract Value: ₹126.74 crore (₹1.2674 billion).

• Technical Scope: Manufacturing and supply of specialized coolant channel assemblies.

• Target Units: Refurbishment projects at Rajasthan Atomic Power Station Unit 4 (RAPS-4) and Madras Atomic Power Station Unit 2 (MAPS-2).

• Execution Period: Final delivery scheduled for completion by May 26, 2028.

• Related Party Status: The transaction is non-related party and awarded on an arm's-length basis.

Order Book Growth and Civil Nuclear Sector Expansion

The latest contract pushes MTAR Technologies' total closing order book in the civil nuclear power sector to over ₹7.75 billion (₹775 crore), marking the highest nuclear order book position in the company's five-decade operating history.

The firm manufactures specialized equipment for nuclear power, space exploration, defense, and clean energy sectors. The civil nuclear segment has seen increased order velocity as India accelerates maintenance, modernization, and capacity expansion programs across its existing fleet of pressurized heavy water reactors (PHWRs).

The order win expectedly strengthens revenue visibility for MTAR Technologies' specialized manufacturing divisions over the next two to three fiscal years, bolstering confidence among market investors and domestic supply chain partners.

Official Sources Section

The corporate announcement was formally communicated through regulatory filings submitted to the National Stock Exchange of India and the BSE Limited by MTAR Technologies Limited Company Secretary Priyanka Agarwal. Official press releases detailing the reactor refurbishment project are accessible on MTAR Technologies.

Quote Section

"We have secured significant orders in the civil nuclear sector over the past few months. Our closing nuclear order book now stands at more than 775 Crs, the highest in the Company's history. The sector's long-term outlook remains promising, and we expect a steady inflow of orders over the coming years."

— Parvat Srinivas Reddy, Managing Director, MTAR Technologies Limited

Why It Matters

India's push for low-carbon baseload electricity relies heavily on extending the operating lifespans of established atomic power plants through comprehensive technical refurbishments. Supply contracts for high-precision components like coolant channel assemblies ensure that public utilities like NPCIL can safely maintain and modernize nuclear infrastructure, supporting grid stability and domestic energy independence.

Key Facts at a Glance

• Total Order Value: ₹1.2674 billion (₹126.74 crore) awarded by NPCIL.

• Components Supplied: Coolant channel assemblies for RAPS-4 and MAPS-2 reactor refurbishments.

• Record Order Book: Brings MTAR’s total civil nuclear order book to a record high of over ₹7.75 billion.

• Completion Deadline: Scheduled for full execution by May 26, 2028.

• Regulatory Compliance: Filed under Regulation 30 of SEBI LODR Regulations.

Frequently Asked Questions (FAQ)

Q1: What is the total value of the new purchase order received by MTAR Technologies?

MTAR Technologies received purchase orders valued at ₹1.2674 billion (₹126.74 crore).

Q2: Who awarded the contract to MTAR Technologies?

The order was awarded by the Nuclear Power Corporation of India Limited (NPCIL), a domestic public sector enterprise.

Q3: Which nuclear facilities will use the equipment manufactured by MTAR?

The components will be utilized for the refurbishment of the RAPS-4 (Rajasthan) and MAPS-2 (Madras) reactors.

Q4: What is the target execution date for the contract?

The order is scheduled for technical delivery and completion by May 26, 2028.

Q5: What is MTAR Technologies' total order book size in the civil nuclear sector?

With this addition, MTAR Technologies' civil nuclear closing order book stands at a record high of over ₹7.75 billion (₹775 crore).

Source: Official regulatory disclosures and press statements submitted by MTAR Technologies Limited to the BSE Limited and National Stock Exchange of India.