MTAR Secures Rs 310 Crore Order for Kaiga Nuclear Reactors

MTAR Technologies has received a Rs 310 crore order from Megha Engineering & Infrastructures for supplying equipment to Kaiga 5 and 6 nuclear reactors in Karnataka. In total, MTAR has secured Rs 504 crore in orders for the reactors this month, with delivery stretching to 2030.

MTAR Technologies announced on Thursday a significant order finish line, securing a Rs 310 crore deal from Megha Engineering & Infrastructures. This agreement entails supplying various equipment for the development of Kaiga 5 and 6 nuclear reactors in Karnataka.

Parvat Srinivas Reddy, Managing Director of MTAR, confirmed through a regulatory filing that this month has seen a total order collection of Rs 504 crore for the Kaiga reactors. This includes an earlier order valued at Rs 194 crore, thus marking a productive month for the company.

The contract outlines staggered deliveries of the equipment, with the timeline extending to February 2030. MTAR, which has nine manufacturing units strategically located, continues to cater to sectors including clean energy, space, and defense, underlining its pivotal role in India's energy and infrastructure landscape.

(With inputs from agencies.)