MTAR Technologies Ltd

MTAR Technologies jumps 1.77% after securing Rs 126.74 crore order from Nuclear Power Corporation

26 Aug 2026

MTAR Technologies Ltd. is currently trading at Rs 7051.0, up 1.77%, while its share price has risen 1.92% over the last week. MTAR Technologies Limited announced it has received purchase orders valued at Rs 126.74 Cr from Nuclear Power Corporation of India Limited for the supply of coolant channel assemblies related to the refurbishment of the RAPS-4 and MAPS-2 reactors, continuing regular business with an existing customer and expected to be executed by May 26, 2028; the company's managing director noted that this brings the total nuclear order book to over Rs 775 Cr, marking a record high for MTAR. Trading volume reached 20064 shares today, a decrease of 74.56% compared to the one-week average volume. MTAR Technologies Ltd soared by 383.67% year-over-year, outperforming the 2.54% loss recorded by the NIFTY50 index.

MTAR Tech rebounds as Wyoming data centre project remains on track

12 Jun 2026

MTAR Technologies surged 13% to Rs 7,114 after fresh updates indicated that a major data centre project in Wyoming, linked to Bloom Energy's fuel-cell technology, remains on track.

The stock had fallen 15.55% over the previous two trading sessions, including an 11.41% decline on Thursday, amid concerns that the proposed project had been paused following reports that Crusoe was no longer involved in its development. The concerns stemmed from MTAR's close relationship with Bloom Energy, a leading provider of solid oxide fuel-cell systems. MTAR manufactures and supplies critical hot box assemblies used in Bloom Energy's fuel-cell platforms. The Wyoming project, a planned 1.8-gigawatt AI-focused data centre campus, had attracted attention because part of its power requirements were expected to be met using Bloom Energy's fuel-cell technology. Investors feared that any delay or cancellation of the project could affect Bloom Energy's future deployment pipeline and, consequently, demand for components supplied by MTAR. However, Black Hills Corporation clarified that the project continues to progress as planned and remains on track for service commencement in early 2028. The company clarified that while Crusoe is no longer the development partner, it is working directly with the prospective hyperscaler customer to advance the project. Black Hills also said its Wyoming utility subsidiary has already entered into agreements related to generation equipment procurement and substation infrastructure. The prospective customer has provided more than $200 million in refundable contributions toward construction milestones and equipment procurement. The clarification helped ease concerns surrounding the future of the data centre project and the associated demand outlook for Bloom Energy's fuel-cell systems, which are supplied with key components manufactured by MTAR Technologies. MTAR Technologies manufactures precision-engineered systems and components for clean energy, civil nuclear power, fuel cells, hydel, aerospace and defence sectors. Its consolidated net profit jumped to Rs 44.3 crore in Q4 FY26, up 223.4% YoY from Rs 13.7 crore and higher by 27.7% QoQ from Rs 34.7 crore. Revenue from operations rose 67.2% YoY to Rs 306.1 crore in Q4 FY26 from Rs 183.1 crore in the year-ago quarter. On a sequential basis, revenue increased 10.1% from Rs 278 crore. The company received record order inflows of Rs 2,453.3 crore during FY26, including Rs 481.6 crore in Q4 FY26. Its order book stood at Rs 2,581.9 crore as on 31 March 2026. Of the total order book, 51.2% came from clean energy-fuel cell, hydel and other businesses, while clean energy-civil nuclear power contributed 26.3% and aerospace and defence accounted for 14%. Powered by Capital Market - Live News

MTAR Technologies Ltd leads losers in 'A' group

11 Jun 2026

Thomas Cook (India) Ltd, Easy Trip Planners Ltd, Cemindia Projects Ltd and HFCL Ltd are among the other losers in the BSE's 'A' group today, 11 June 2026.

Thomas Cook (India) Ltd, Easy Trip Planners Ltd, Cemindia Projects Ltd and HFCL Ltd are among the other losers in the BSE's 'A' group today, 11 June 2026. MTAR Technologies Ltd tumbled 12.61% to Rs 6210.6 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 5.03 lakh shares were traded on the counter so far as against the average daily volumes of 2.38 lakh shares in the past one month. Thomas Cook (India) Ltd crashed 6.07% to Rs 108.1. The stock was the second biggest loser in 'A' group.On the BSE, 3.66 lakh shares were traded on the counter so far as against the average daily volumes of 3.97 lakh shares in the past one month. Easy Trip Planners Ltd lost 5.43% to Rs 8.36. The stock was the third biggest loser in 'A' group.On the BSE, 52.7 lakh shares were traded on the counter so far as against the average daily volumes of 59.02 lakh shares in the past one month. Cemindia Projects Ltd slipped 5.00% to Rs 1176.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 79233 shares were traded on the counter so far as against the average daily volumes of 50932 shares in the past one month. HFCL Ltd pared 4.76% to Rs 161.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 30.18 lakh shares were traded on the counter so far as against the average daily volumes of 29.61 lakh shares in the past one month. Powered by Capital Market - Live News

MTAR Tech tumbles as Crusoe pauses work on major AI data centre project

11 Jun 2026

MTAR Technologies plunged 12.22% to Rs 6,238 after reports emerged that US-based data centre developer Crusoe has paused work on Project Jade, a large-scale AI data centre campus planned in Cheyenne, Wyoming.

Project Jade was unveiled in 2025 as a 1.8 GW AI-focused data centre campus, with plans to potentially scale up to 10 GW, making it one of the world's largest proposed AI infrastructure projects. The development was being undertaken by Crusoe in partnership with Blackstone-backed energy infrastructure company Tallgrass. The project had attracted attention for its planned use of fuel-cell-based power generation, with a portion of the campus expected to be powered by systems supplied by Bloom Energy, a leading provider of solid oxide fuel cell technology. The development is seen as a negative for MTAR Technologies, which is a key supplier to Bloom Energy. MTAR manufactures and supplies solid oxide fuel cell hot box assemblies used in Bloom Energy's fuel cell systems and has maintained a long-standing relationship with the US company. Traders fear that any delay in Bloom Energy's fuel cell deployment pipeline could affect MTAR's order inflows and revenue visibility. MTAR Technologies derives a significant portion of its clean energy business from Bloom Energy. It has repeatedly highlighted the fuel cell segment as a key growth area alongside its aerospace, defence and nuclear businesses. Shares of MTAR Technologies have declined 16.32% over the past two trading sessions. Despite the recent correction, the stock remains up 73.84% in the last three months and has surged 159.70% so far in 2026. MTAR Technologies manufactures precision-engineered systems and components for clean energy, civil nuclear power, fuel cells, hydel, aerospace and defence sectors. Its consolidated net profit jumped to Rs 44.3 crore in Q4 FY26, up 223.4% YoY from Rs 13.7 crore and higher by 27.7% QoQ from Rs 34.7 crore. Revenue from operations rose 67.2% YoY to Rs 306.1 crore in Q4 FY26 from Rs 183.1 crore in the year-ago quarter. On a sequential basis, revenue increased 10.1% from Rs 278 crore. The company received record order inflows of Rs 2,453.3 crore during FY26, including Rs 481.6 crore in Q4 FY26. Its order book stood at Rs 2,581.9 crore as on 31 March 2026. Of the total order book, 51.2% came from clean energy-fuel cell, hydel and other businesses, while clean energy-civil nuclear power contributed 26.3% and aerospace and defence accounted for 14%. Powered by Capital Market - Live News

MTAR Tech spurts after securing Rs 2,279 crore international order

14 May 2026

MTAR Technologies surged 6.86% to Rs 7,212.25 after the company announced purchase orders worth $238.76 million, equivalent to around Rs 2,278.96 crore.

In an exchange filing, the company said the orders were received from an international customer, whose identity was not disclosed due to confidentiality obligations. The orders are in continuation of regular business from the existing customer and are in the nature of blanket purchase orders. The execution timeline will be decided at a later stage, the company said. The stock has rallied 15.39% over the two sessions after the company on 12 May 2026 reported strong Q4 FY26 earnings supported by robust order inflows. Consolidated net profit jumped to Rs 44.3 crore in Q4 FY26, up 223.4% YoY from Rs 13.7 crore and higher by 27.7% QoQ from Rs 34.7 crore. Revenue from operations rose 67.2% YoY to Rs 306.1 crore in Q4 FY26 from Rs 183.1 crore in the year-ago quarter. On a sequential basis, revenue increased 10.1% from Rs 278 crore. Gross profit stood at Rs 135.4 crore in Q4 FY26, up 41.5% YoY from Rs 95.7 crore. Gross margin, however, contracted 810 basis points to 44.2% from 52.3% a year earlier. EBITDA stood at Rs 61.8 crore in Q4 FY26, up 80.9% YoY from Rs 34.2 crore. Sequentially, EBITDA declined 3.5% from Rs 64 crore. EBITDA margin improved 150 basis points YoY to 20.2% from 18.7% in Q4 FY25, but declined 280 basis points QoQ from 23%. The company received record order inflows of Rs 2,453.3 crore during FY26, including Rs 481.6 crore in Q4 FY26. Its order book stood at Rs 2,581.9 crore as on 31 March 2026. Of the total order book, 51.2% came from clean energy-fuel cell, hydel and other businesses, while clean energy-civil nuclear power contributed 26.3% and aerospace and defence accounted for 14%. Parvat Srinivas Reddy, managing director and promoter of MTAR Technologies, said the company expects strong order inflows in FY27 across key business verticals and anticipates sequential margin improvement in the coming quarters due to higher operating leverage and a favourable product mix. MTAR Technologies manufactures precision-engineered systems and components for clean energy, civil nuclear power, fuel cells, hydel, aerospace and defence sectors. Powered by Capital Market - Live News