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 company’s 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.