MTAR Technologies secures Rs 310-cr civil nuclear orders from Megha Engineering

MTAR Technologies said it has received orders worth Rs 310 crore from Megha Engineering & Infrastructures, a new customer in the civil nuclear power sector.

The orders involve the supply of various equipment for Kaiga 5 and Kaiga 6 nuclear reactors. The deliveries are scheduled to be made in a staggered manner up to February 2030.

The company clarified that neither its promoters nor promoter group have any interest in the customer, and the orders do not qualify as related-party transactions.

MTAR Technologies develops and manufactures components and equipment for the defense, aerospace, nuclear, and clean energy sectors.

The companys consolidated net profit tumbled 77.4% to Rs 4.25 crore on a 28.2% drop in revenue from operations to Rs 134.36 crore in Q2 FY26 over Q2 FY25.

 

Shares of MTAR Technologies fell 1.25% to Rs 2,291.70 on ther BSE.

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