MTAR Technologies Secures Rs. 15.4 Crs Order for Next-Gen Defence Engine Development

Team FS

    23/Sep/2024

What's Covered Under the Article:

MTAR Technologies receives Rs. 15.4 Crs order from DRDL for full-scale combustors in defence.

The order involves cutting-edge air-breathing engine technology, to be executed by September 2025.

The project strengthens MTAR's position in defence technology for next-generation engines.

MTAR Technologies Limited has secured a significant order worth Rs. 15.4 crores from the Defence Research & Development Laboratory (DRDL) for the manufacturing and supply of full-scale and sub-scale combustors. These combustors will be crucial in the development of cutting-edge air-breathing engine technology for next-generation defence programs. According to the terms of the contract, MTAR is expected to execute the order by September 2025, further solidifying its reputation as a key player in the defence and aerospace sectors.

The order will not only strengthen MTAR’s capabilities in delivering state-of-the-art systems for future defence programs but also highlight the growing reliance on advanced manufacturing solutions for aerospace and defence technology. MTAR has been instrumental in pushing the envelope with its engineering expertise, and this contract is a testament to its long-standing partnership with major defence and space organisations in India.

With this latest development, MTAR Technologies will enhance its ability to supply high-quality components critical to air-breathing engines, which play a vital role in advancing India’s defence capabilities. The company has consistently worked towards contributing to national security, and this new contract continues the trend.

The company has seven manufacturing units, strategically based in Hyderabad, including an export-oriented unit. These facilities have enabled MTAR to cater to sectors such as Clean Energy, Civil Nuclear Power, Fuel Cells, Hydel Energy, Space, and, most notably, Defence. Over the past four decades, MTAR has forged strong relationships with prominent Indian organisations and global Original Equipment Manufacturers (OEMs), becoming a trusted partner in high-tech engineering solutions.

The contract awarded by DRDL will further MTAR’s ambitions to be a leading supplier in the defence sector. As the company continues to deliver innovative solutions for next-generation defence engines, it remains committed to supporting India’s indigenous defence manufacturing initiatives, including those geared towards air-breathing engine technology.

In line with the SEBI Listing Obligations and Disclosure Requirements regulations, this new order strengthens MTAR’s financial outlook and operational scope. The company has clarified that neither its promoter group nor any related party transactions are involved in this contract, ensuring transparency in the deal.

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This latest order underscores the importance of contractual integrity and engineering excellence, further propelling MTAR as a cornerstone in India’s defence technology landscape.

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