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MTAR Technologies bags $30M order from Bloom Energy

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MTAR Technologies Limited, based in Hyderabad, has received an export order from Bloom Energy, USA, for $29.82 million (approximately 220 crore).

Yuma Hot Boxes and associated components for Bloom Energy are expected to be delivered over the course of four quarters in calendar year 2022.

The Hyderabad-based company said in a statement that this is the largest single order it has ever received, demonstrating the customer confidence it has built over time.

Also see: The release of export refunds will aid the apparel sector in securing more orders during the holiday season: Exporters

“This 220 crore order will help MTAR meet its growth targets,” the company said in a BSE filing.

MTAR Technologies is a specialist in precision engineering and critical assembly of critical components and products for a variety of industries, including civil nuclear energy, space, defense and aerospace, clean energy, and others.

It earns money from both domestic and international customers. The tech firm was recently listed on the stock exchange and is on a path to expansion as it diversifies its offerings and expands its customer base.

Arnes Biogradlija
Creative Content Director at EnergyNews.Biz

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