MTAR Technologies has announced the receipt of a significant purchase order valued at ₹126.7 crore. The order is for the supply of coolant channel assemblies for the refurbishment of RAPS-4 and MAPS-2 reactors. This award from the Nuclear Power Corporation of India Limited is a continuation of regular business and contributes to the company’s substantial nuclear order book, which now exceeds ₹775 crore.
Major Contract Secured in Nuclear Sector
MTAR Technologies Limited has successfully secured a substantial purchase order amounting to ₹126.7 crore. This significant order is for the supply of critical coolant channel assemblies. These assemblies are designated for the refurbishment of the RAPS-4 and MAPS-2 reactors, underscoring MTAR’s vital role in supporting the Indian civil nuclear power infrastructure.
Key Details of the Order
The order has been awarded by the Nuclear Power Corporation of India Limited, a prominent entity in the nation’s energy sector. MTAR Technologies highlighted that this award represents a continuation of its established business relationship with this key customer. The contract is classified as a Purchase Order and is expected to be executed within the domestic framework.
Project Timeline and Financial Impact
The execution of this order is slated to be completed by May 26, 2028. This development significantly bolsters MTAR’s order book, particularly within the civil nuclear power segment. The company’s total order book in this sector now stands at over ₹775 crore, a historical high for MTAR Technologies. Management expressed optimism regarding the sector’s long-term prospects and anticipates a steady flow of future orders.
Related Party Disclosure
In accordance with regulatory disclosures, MTAR Technologies confirmed that neither its promoter, promoter group, nor any group companies have any interest in the entity that awarded this contract. Furthermore, the order(s)/contract(s) will not fall within related party transactions, adhering to arm’s length principles.
Source: BSE
