MTAR Technologies Secures Rs 194 Crore Order in Nuclear Sector

MTAR Technologies Limited has announced the receipt of an order valued at Rs 194 Crores from Megha Engineering & Infrastructures Ltd. The order pertains to the civil nuclear power sector and involves the supply of end fittings and associated components. The execution of this order is scheduled to be completed by April 2028.

The order from Megha Engineering & Infrastructures Ltd. is domestic in nature and does not involve any related party transactions. MTAR Technologies has confirmed that there is no interest from the promoter or promoter group in the entity awarding the order.

This order is part of a larger confirmed order amounting to Rs 504 Crores for the Kaiga 5 & 6 reactors. The company has indicated that it expects to receive the remaining orders soon. The transaction is in compliance with the disclosure requirements under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2018.

Megha Engineering & Infrastructures Ltd. is a key player in the infrastructure sector, focusing on projects in water, power, and transportation. The company is known for its involvement in large-scale infrastructure projects across India.

MTAR Technologies Limited is a prominent player in the clean energy sector, with a focus on civil nuclear power, fuel cells, and other energy solutions. The company operates nine manufacturing units, including an export-oriented unit in Hyderabad, Telangana. MTAR has a longstanding relationship with leading Indian organizations and global OEMs, contributing to its strategic growth in the energy, space, and defense sectors.