MTAR Technologies secures significant civil nuclear power orders

MTAR Technologies Limited has secured new orders worth INR 194 Crores from Megha Engineering & Infrastructures Ltd. within the civil nuclear power sector. These orders, for the supply of end fittings and associated components, are part of a larger confirmed order book of INR 504 Crores from Kaiga 5 & 6 reactors.

The company anticipates receiving the balance of these orders soon. Execution of these domestic orders is projected to be completed by April 2028. This new business highlights robust order inflow for MTAR Technologies, contributing to its growth in the clean energy segment.

Parvat Srinivas Reddy, managing director of MTAR, stated that the civil nuclear power sector is expected to experience significant growth, driven by strong industry tailwinds. MTAR Technologies operates nine manufacturing units, including an export-oriented unit, and serves sectors such as civil nuclear power, fuel cells, hydel, space, and defense.