Parvat Srinivas Reddy, Managing Director at MTAR Tech commented, “We are delighted with the new order inflows in Clean Energy sector. The company is looking forward to strengthen the Clean Energy vertical further to power a safer future.”

MTAR Technologies is a niche manufacturing service provider in precision engineering and critical assembly of key components and products for various customer segments such as Civil Nuclear Energy, Space, Defence and Aerospace, Clean Energy and others.

On a consolidated basis, MTAR Tech's net profit rose 9.9% to Rs 19.80 crore on a 42.5% increase in net sales to Rs 98.58 crore in Q4 FY22 over Q4 FY21.