Rs 942.25 Crore Order Book: Defence & Space Company Receives Orders Worth Rs 200 Crore in Clean Energy and MNC Aerospace Verticals
The company has projected a revenue growth of 30-35 per cent for the fiscal year ending in 2025.
MTAR Technologies Limited has secured orders worth Rs 200 crore in Clean Energy – Fuel Cells, Civil Nuclear Power, MNC Aerospace and Space verticals. Out of the above orders, Rs 157.40 crore of orders are from Bloom Energy in the Clean Energy – Fuel cells division, Rs 2.70 crore of orders are for first articles from Fluence in Clean Energy – Energy Storage systems, Rs 22 crore of orders are from Clean Energy - Civil Nuclear Power and Rs 17.9 crore orders are from Space including orders from ISRO and MNC Aerospace customers. The majority of the orders will be executed by the end of FY26.
Mr. Parvat Srinivas Reddy, Managing Director of MTAR Technologies Limited said, “The company is in the process of receiving volume orders for new products with existing customers and new customers in Clean Energy & Space verticals post completion of first articles over the past 2-3 years. We are in the final stages of discussion with reputed customers for various other projects that will strengthen our order book over the coming quarters. We expect to register significant growth in Clean Energy and Aerospace verticals backed by a robust order book going forward. In addition, we are expecting substantial orders in Civil Nuclear Power by the end of FY25.”
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
About the Company
MTAR Technologies Ltd is a prominent Indian engineering company specializing in the development and manufacturing of components and equipment for the defence, aerospace, nuclear and clean energy sectors. Founded in 1970, MTAR has been catering to the technical and engineering needs of the Indian government for several decades. With a strong presence in Hyderabad, the company boasts a market capitalization of over Rs 4,800 crore and a substantial order book of Rs 942.25 crore as of December 31, 2024. MTAR has demonstrated a steady growth trajectory, with a median sales growth of 16.4 per cent over the past 10 years.
The company has projected a revenue growth of 30-35 per cent for the fiscal year ending in 2025. To mitigate risks, MTAR is actively diversifying its customer base and has secured long-term agreements with multinational companies in the aviation sector. Furthermore, the company is committed to enhancing its EBITDA margins through effective cost management strategies.
Disclaimer: The article is for informational purposes only and not investment advice.