MTAR Technologies has received export orders worth $16.73 million (approximately Rs 140 crore) from Bloom Energy Corporation in Clean Energy - Fuel Cells vertical for execution of power units and associated components. As per the contract, $9.10 million orders shall be executed in FY 2024-25 and balance orders will be dispatched by Q1 FY 2025-26. The company is expecting further orders in this vertical that will be executed in FY 2024-25 itself. These orders shall support the revenue targets guided by the company for FY 2024-25.
MTAR Technologies is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns).
