Introduction:
Leading technology firm has secured ₹226 crore in orders across Clean Energy and Aerospace. With major contributions from Bloom Energy and prominent aerospace clients, these projects highlight the company’s expanding footprint in critical and innovative sectors.
b
Also Read: Best EV Stocks In India – Electric Vehicle Stocks 2025
Share price movement of MTAR:
On December 20, 2024, MTAR Technologies Ltd opened at ₹1,690.10, up 3.82% from its previous close of ₹1,627.75. The stock reached a high of ₹1,735 (7%) and a low of ₹1,652.45. By 10:30 AM, it traded at ₹1,727.65, a 6.14% increase, with a market cap of ₹5,224.98 crore.
MTAR Technologies Secures ₹226 Crore Orders:
MTAR Technologies Ltd has bagged ₹226 crore worth of orders across its Clean Energy and Aerospace segments. The Clean Energy sector contributed ₹191 crore from Bloom Energy, while ₹35 crore came from aerospace clients like Rafael, IMI Systems, and IAI.
The company expects ₹225 crore of these orders to be executed within a year, with the remaining projects slated for completion by April 2026. This milestone highlights MTAR’s growing presence in Clean Energy and Aerospace, emphasizing its leadership in these critical industries.
Commenting on the achievement, Parvat Srinivas Reddy, Managing Director of MTAR Technologies, expressed optimism about the company’s growth prospects. He noted that the firm anticipates further significant orders in both Clean Energy and Aerospace, strengthening its market position.
Stock performance of MTAR for Period of 1 week, 6 months and 1 year:
MTAR Technologies has faced declining returns, with a 0.68% drop over one week, 13.9% over six months, and 27.3% over the past year, reflecting challenges in sustaining growth amid market fluctuations.
Also Read: Stock jumps 7.5% after it receives order for multi effect evaporator
Shareholding pattern of MTAR:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 36.40% | 36.40% | 37.30% |
| FII | 7.80% | 7.70% | 10.60% |
| DII | 17.30% | 16.00% | 18.10% |
| Public | 38.50% | 39.90% | 34.10% |
About MTAR:
MTAR Technologies Ltd (NSE: MTARTECH) operates eight manufacturing units in Hyderabad, catering to Clean Energy, Space, and Defence sectors, with over four decades of partnerships with leading Indian organizations and global OEMs.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
