MTAR Technologies Rockets Ahead with ₹340 Million Orders in Clean Energy and Aerospace

MTAR Technologies Ltd has once again hogged the headlines, bagging new orders worth ₹340 million in the clean energy and aerospace industries, solidifying its image as a high-tech manufacturing powerhouse in India.

 

Key Highlights:

 

The new orders encompass big wins in clean energy, notably with Bloom Energy, that make up a sizeable percentage of the orders within the fuel cell components sector. Other orders are from other players such as global companies in the energy storage such as Fluence and prominent aerospace companies, such as Rafael, IMI Systems, and Israel Aerospace Industries.

 

MTAR's aerospace orders include mission-critical components for domestic and global customers, with numerous contracts tied to high-profile space missions, including joint ventures with ISRO.

 

The majority of these orders are expected to be completed over the coming year, with the remaining deliveries by April 2026, providing strong revenue visibility and operating momentum.

 

MTAR's order book is a testament to its growing market share in clean energy and aerospace, a reflection of its precision engineering and long-standing relationships with industry leaders.

 

MTAR is financially on a growth path, expecting a 20% revenue growth for FY 2026, led by the execution of these new orders and a robust pipeline in civil nuclear, space, and defense businesses.

 

The management is optimistic about the future growth, citing continued negotiations for more high-value projects and a strategic expansion into emerging product lines and long-term contracts with multinational customers.

 

Sources: MTAR Technologies Official Release, Times of India, Business Standard