MTAR Technologies Ltd receives orders worth Rs. 220 Crores

MTAR Technologies Limited, Hyderabad has received an export order for USD 29.82 Mn (approximately Rs 220 Crores) from Bloom Energy, USA.

This order is for export of Yuma Hot Boxes and associated components for Bloom Energy to be delivered over the four quarters of the calendar year 2022.

This is the largest single order ever received by MTAR and demonstrates the customer confidence that MTAR has built over time. This order will clearly support the growth targets that MTAR has set for itself.

Shares of MTAR Technologies Limited was last trading in BSE at Rs. 1369.9 as compared to the previous close of Rs. 1371.35. The total number of shares traded during the day was 3047 in over 512 trades.

The stock hit an intraday high of Rs. 1381.8 and intraday low of 1360.5. The net turnover during the day was Rs. 4172797.

Source : Equity Bulls

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