Shares of MTAR Technologies surged by 6% on December 20 after the company announced new order wins worth Rs 226 crore. The latest orders come from the clean energy and aerospace sectors, highlighting the company’s growing presence in these high-potential industries.
Out of the total, Rs 191 crore worth of orders were secured from Bloom Energy in the clean energy segment, while Rs 35 crore worth of orders were won from reputed aerospace customers, including Rafael, IMI Systems, and IAI. These contracts are scheduled for execution within the next year, with remaining orders expected to be completed by April 2026.
MTAR Technologies emphasized that these orders underline its increasing market share in both sectors. In an exchange filing, Managing Director Parvat Srinivas Reddy expressed optimism about future growth, stating, “We are expecting significant orders in clean energy and aerospace verticals going forward.”
At 10:06 am, MTAR Technologies’ shares were trading at Rs 1,716 on the NSE, supported by a sharp rise in trading volumes. Over four lakh shares had changed hands, surpassing the one-month daily trading average of three lakh shares.
The company’s focus on clean energy and aerospace, combined with strong order inflows, continues to bolster investor confidence and drive stock performance.
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Source: Moneycontrol
News Desk
