MTAR Technologies Limited has secured orders worth Rs 386 crore in the clean energy fuel cells segment, highlighting the strong growth potential of this business. Of the total order value, Rs 205 crore is expected to be executed by the fourth quarter of FY26, while the remaining will be completed in the first quarter of FY27.
Commenting on the development, Parvat Srinivas Reddy, Managing Director of MTAR Technologies, said the company continues to expand its presence in the clean energy fuel cells segment on the back of its advanced product portfolio, timely execution, and cost competitiveness, despite challenges such as tariffs. He added that MTAR anticipates further orders from the fuel cells segment in the coming period.