Shares of MTAR Technologies Ltd gained 4% on 31 October after the company announced receiving new orders for Rs 263.54 crore ($29.95 million) from an existing overseas customer.

The orders are part of the company’s routine business activities, and they are planned to be completed between Q3 FY26 and Q2 FY27.

The corporation did not reveal the customer’s name, citing confidentiality restrictions. However, it noted that the order is not a related-party transaction and that neither the promoters nor the promoter group have any stake in the firm that awarded the contract.

The order of $29.95 million (roughly Rs 263.54 crore) will be executed over four quarters. 

MTAR Technologies, noted for its precision-engineered systems and components, serves crucial sectors including clean energy, nuclear, space, and defence.

At 12:25 pm, the shares of MTAR Technologies were trading 2.13% higher at Rs 2,520 on NSE. 

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