MTAR Technologies Secures Rs 126.74 Crore Order from Nuclear Power Corporation of India
MTAR Technologies Limited has secured a significant contract worth Rs 126.74 crore from the Nuclear Power Corporation of India Limited. The order pertains to the supply of coolant channel assemblies required for the refurbishment of RAPS-4 and MAPS-2 reactors.The contract, which is part of regular business with the existing customer, details the supply of specialized components for the civil nuclear power sector. The order is categorized as a domestic purchase order, and the specified execution period for the contract is until May 26, 2028.
The details of the transaction are as follows:
| Entity Awarding Order | Nature of Order | Order Value | Execution Deadline |
|---|---|---|---|
| Nuclear Power Corporation of India Limited | Purchase Orders | Rs 126.74 Cr | May 26, 2028 |
The transaction was confirmed to be a domestic purchase order and does not fall under related party transactions.
Addressing the development, Mr. Parvat Srinivas Reddy, Managing Director of MTAR, noted that the company has successfully secured several significant orders within the civil nuclear sector in recent months. He stated that the nuclear order book currently stands at over Rs 775 crore, marking the highest level in the company's history. Mr. Reddy added that the long-term outlook for the sector remains promising, and the company anticipates a steady flow of future orders.
MTARTECH Stock Price Movement
Shares of MTAR Technologies Limited are edging higher to ₹7050 as of the pre-open session at 9:13 AM today, showing a solid gain of 1.75%. The stock has seen minimal activity in this session, trading on a volume count of 664 shares so far this morning.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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