Shares of MTAR Technologies rallied as much as 3% to their day’s high of Rs 7,120 on the BSE on Wednesday after the company won an order worth Rs 127 crore from Nuclear Power Corporation of India for the supply of coolant channel assemblies for reactor refurbishment. With today’s rise, the stock is up 5% in two sessions.
Commenting on the development, the management said it has secured significant orders in the civil nuclear sector over the past few months. “Our closing nuclear order book now stands at more than Rs 775 crore, the highest in MTAR Tech’s history. The sector’s long-term outlook remains promising, and we expect a steady inflow of orders over the coming years”.
