IGI Logo

Below is quote on MTAR Technologies - Receipt of Order worth Rs220cr by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

MTAR Technologies is engaged in the business of manufacturing high precision and heavy equipment, components, machines for sectors including nuclear, aerospace, defence, etc. The company has received an export order for providing manufactured and assembled products for USD 29.82 Mn (approximately Rs 220 Crores) from Bloom Energy, USA. 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.This is the largest single order ever received by MTAR and demonstrates the customer confidence that MTAR has built over time. This is a positive development for the company, which would support revenue growth going ahead.

Above views are of the author and not of the website kindly read disclaimer