MTAR Technologies Limited (BSE: 543270; NSE: MTARTECH) has secured fresh orders worth approximately ₹386 crore ($43.87 million) from its long-standing international customer Bloom Energy Corporation in the clean energy–fuel cells segment.
According to the company, orders worth ₹204.86 crore ($23.28 million) are scheduled for execution by March 2026, with the remaining ₹181.20 crore ($20.59 million) to be delivered by June 2026. These contracts, which fall under the company’s regular business in the clean energy sector, are not related-party transactions.
“The company continues to strengthen its presence in the Clean Energy – Fuel Cells segment, driven by its cutting-edge product portfolio, timely execution, and cost competitiveness, despite macro challenges such as tariffs. In addition, we expect further orders from the fuel cells segment going forward,” said Parvat Srinivas Reddy, Managing Director, MTAR Technologies Limited.
MTAR operates nine manufacturing units, including an export-oriented facility in Hyderabad, and serves multiple high-technology sectors including clean energy, civil nuclear power, hydel, aerospace, and defence. With over five decades of experience, the company has established strong relationships with both Indian organisations and global OEMs.