The orders are part of the company’s regular business engagements and are expected to be executed between Q3 FY26 and Q2 FY27.

The company did not disclose the name of the customer, citing confidentiality obligations. However, it clarified that the order does not fall under related-party transactions and that neither the promoters nor the promoter group have any interest in the entity awarding the order.

The total order value of $29.95 million (approximately Rs 263.54 crore) will be executed over four quarters — $5.11 million in Q3 FY26, $9.58 million in Q4 FY26, $10.29 million in Q1 FY27, and $4.97 million in Q2 FY27.

MTAR Technologies, known for its precision-engineered systems and components, caters to critical sectors such as clean energy, nuclear, space, and defense.

The company’s consolidated net profit jumped 144% to Rs 10.81 crore on 22.5% rise in revenue from operations to Rs 154.41 crore in Q1 FY26 over Q1 FY25.