MTAR Technologies shares rise on Rs 127-crore nuclear contract win

MTAR Technologies saw its share price climb 3% on the back of securing a Rs 127-crore contract, marking a substantial addition to its order portfolio in the nuclear sector. The win underscores growing demand for the company's specialised manufacturing capabilities in India's nuclear energy programme.

The company's nuclear order book now stands at more than Rs 775 crore, representing the highest level in MTAR's operational history. This milestone reflects the company's expanding footprint as a key supplier to India's nuclear power infrastructure, according to company statements.

MTAR Technologies specialises in precision engineering and manufacturing for critical sectors including defence, space, and nuclear energy. The latest contract award adds to the company's momentum in securing high-value government contracts, particularly in strategic sectors prioritised by the Indian government.

The share price movement suggests investor confidence in MTAR's ability to execute large-scale orders and maintain its growth trajectory. With the nuclear sector expected to see continued investment as India advances its clean energy agenda, the company's expanded order book positions it favourably for sustained revenue growth in coming fiscal periods.