MTAR Technologies secures significant clean energy orders

MTAR Technologies Limited has secured new orders totaling approximately Rs. 386.06 Crores in the Clean Energy – Fuel Cells segment. These orders include $23.28 Mn to be executed by March 2026 and $20.59 Mn by June 2026. The company anticipates executing Rs. 205 Crores of the total value by Q4 FY26, with the remaining balance scheduled for Q1 FY27.

The orders were awarded by Bloom Energy Corporation and are classified as international, representing a continuation of existing customer relationships. The company's managing director, Mr. Parvat Srinivas Reddy, highlighted the strengthening presence in the fuel cells segment, attributing it to their product portfolio, timely execution, and cost competitiveness.

These new contracts underscore the robust growth potential of the clean energy sector for MTAR Technologies, which specializes in manufacturing units supporting various sectors, including Civil Nuclear Power, Hydel, Aerospace, and Defense.