 |
Hot Pursuit
30-Aug-23
|
|
|
|
|
|
|
|
|
|
|
|
MTAR Tech jumps on bagging Defence Industrial License
|
|
MTAR Technologies rose 3.20% to Rs 2299.45 after the company said it received the Defence Industrial License for production of various mechanical and electronic subsystems.
|
|
|
|
|
|
The Defence Industrial License will allow MTAR Technologies to produce mechanical and electronic subsystems in the Defence sector. This license will not only facilitate the ease of doing business with foreign MNCs on various defence projects but also enable MTAR to partner with these MNCs and serve both domestic and export markets. By taking up projects under Buy (Indian), 'Buy & Make (Indian),' and 'Make' categories of acquisition, MTAR Technologies aims to increase the share of Defence in its revenues.
MTAR has seven strategically based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana. MTAR caters to clean energy — civil nuclear power, fuel cells, hydel & others, space, and defence sectors. The company has a long-standing relationship of over four decades with leading Indian organisations and global OEMs.
The company reported 25.4% jump in consolidated net profit to Rs 20.34 crore on 67.6% increase in net sales to Rs 152.56 crore posted in corresponding quarter last year. As on 30 June 2023, its order book stood at Rs 1,078.8 crore.
|
|
|
|
Previous News |
Volumes soar at MTAR Technologies Ltd counter
(
Hot Pursuit
-
18-May-24
14:30
)
|
|
|
MTAR Technologies AGM scheduled
(
Corporate News
-
13-Aug-22
18:42
)
|
|
|
MTAR Tech gains on bagging export order worth $22 million
(
Hot Pursuit
-
30-Jun-22
15:15
)
|
|
|
MTAR Technologies consolidated net profit declines 17.13% in the September 2023 quarter
(
Results
-
Announcements
09-Nov-23
07:40
)
|
|
|
MTAR Technologies to convene board meeting
(
Corporate News
-
27-May-21
09:57
)
|
|
|
MTAR Technologies to conduct AGM
(
Corporate News
-
28-Jun-24
19:45
)
|
|
|
MTAR Technologies to conduct board meeting
(
Corporate News
-
07-May-22
11:47
)
|
|
|
MTAR Tech makes strong debut
(
Hot Pursuit
-
15-Mar-21
10:04
)
|
|
|
Board of MTAR Technologies recommends Interim Dividend
(
Corporate News
-
11-Feb-22
09:45
)
|
|
|
MTAR Technologies to declare Quarterly Result
(
Corporate News
-
11-May-22
12:50
)
|
|
|
MTAR Technologies consolidated net profit rises 136.29% in the December 2022 quarter
(
Results
-
Announcements
10-Feb-23
07:37
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|