MTAR Technologies Secures ₹19.2 Crore Orders in Clean Energy and Aerospace.

MTAR Technologies Ltd (NSE: MTARTECH, BSE: 543235) has announced the receipt of new orders totaling ₹19.2 crores across its Clean Energy and Aerospace sectors. This influx of business underscores the company's continued growth and commitment to innovation in critical high-tech industries.

The bulk of the new orders, ₹17.8 crores, originates from the burgeoning Clean Energy sector. Notably, nearly ₹4.7 crores of these orders are specifically for the development of new products. MTAR Technologies anticipates that the successful execution of these initial articles will lead to a significant recurring annual revenue of ₹10 crores. This strategic focus on new product development highlights the company's dedication to sustaining its growth trajectory and solidifying its position within the clean energy ecosystem.

The remaining ₹1.4 crores in new orders come from the Aerospace sector, further diversifying MTAR's robust order book. The consistent addition of new products across its segments exemplifies MTAR Technologies' proactive approach to maintaining its competitive edge and driving future expansion.