MTAR Technologies Wins Rs. 220 Crore Order from US-based Bloom Energy
Hyderabad-based MTAR Technologies, in a stock exchange filing stated that it had bagged its largest-ever order worth Rs.220 Crore. The order has been placed by US-based Bloom Energy for Yuma Hot Boxes which are used in the conversion of Methane into power.
The Yuma Hot Boxes and associated components are to be supplied over the four quarters of the calendar year 2022.
MTAR Technologies got listed on NSE and BSE earlier in March 2021. The share was issued at an initial price of Rs. 575, and since then has surged to Rs. 1420 level, delivering about 150 percent returns.