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BusinessMTAR Technologies receives Rs 220-crore order

MTAR Technologies receives Rs 220-crore order

Published: 13th Sep 2021 6:17 pm

Hyderabad: Hyderabad-based precision engineering company MTAR Technologies has received an export order for $29.82 million (about Rs 220 crores) from Bloom Energy, USA.

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This order is for export of Yuma Hot Boxes and associated components for Bloom Energy to be delivered over the four quarters of the calendar year 2022.

MTAR said, this is the largest single order ever received by MTAR and demonstrates the customer confidence that the company has built over time. This order will clearly support the growth targets that MTAR has set for itself.

The company is a niche manufacturing service provider in precision engineering and critical assembly of key components and products for various customer segments such as civil nuclear energy, space, defence and aerospace, and clean energy.

It has revenue from both domestic customers as well as from exports. The company has got listed recently and is on a path to diversify its offerings and expansion of its customer base.

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