Hyderabad: Hyderabad-based MTAR Technologies, a precision engineering solutions company that makes mission critical precision components for multiple sectors, is strengthening its presence in clean energy, and is planning to expand its overall headcount from over 1,500 currently to about 2,500 in the next 1-2 years, in its efforts to become an integrated systems company.
The company today serves customers in the nuclear, space, defence, and clean energy sectors and its portfolio includes 14 products in the nuclear sector, six products in the space and defence sectors, and three products in the clean energy sector and has a mix of developmental and volume-based production.
P Srinivas Reddy, MD, MTAR Technologies, told Telangana Today in an exclusive interview, “We are going to go deep into the sectors we already operate, and want to become an integrated systems company. We will enhance development and manufacturing capabilities as well as expand our customer base. With a focus on R&D and innovation, we have already indigenised several products.”
He added, “While all the sectors offer enormous growth opportunities, we believe that clean energy will be one of our core focus areas in future. Clean energy is moving to the next level. We will be enhancing manufacturing capabilities to meet export market needs in this sector. We are making main assembly hydrogen units for US-based Bloom Energy, and they are being integrated in the US. We are looking at the possibility of integrating them in our units here, going forward.”
The company also sees opportunities in hydel and wind power as it looks to expand capabilities in the energy sector, beyond fuel cells.
MTAR has seven strategically based manufacturing units including an export-oriented unit based in Hyderabad, Telangana. The company has a long-standing relationship of over three and four decades with customers such as the Indian Space Research Organisation (ISRO) and the Defence Research and Development Organisation (DRDO). It is also working on several missile programmes in the defence sector.
The company has manufactured critical components and assemblies such as liquid propulsion engines, components, and assemblies for cryogenic engines, specifically turbo pumps, booster pumps, gas generators and injector heads for such engines, and electro-pneumatic modules to serve space launch vehicles for ISRO. “We are working on Gaganyaan currently and are keen to take part in future space programmes as well,” Reddy added.
MTAR also contributed to India’s Moon mission Chandrayaan-2 by manufacturing spacecraft’s crucial parts. For the defence sector, it undertook complex assemblies for the DRDO, including assembly for Agni missiles, and the assembly of secondary injection thrust vector control (SITVC) valves and hydraulic fin tip control (HFTC) valves.
It has also consistently supplied products such as hot boxes, hydrogen boxes, and electrolysers to Bloom Energy and defence products such as aluminium weldments and machined components to an Israeli defence tech company.
He informed, the company has managed to ensure that the supply disruptions during the pandemic-induced lockdowns did not impact operations and is expecting 20-25 per cent growth in its revenues this fiscal. MTAR is also going for additional global certifications with an eye on building its exports base.