MTAR Technologies receives Defence Industrial License

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MTAR Technologies has received the Defence Industrial License for production of mechanical and electronic subsystems in the Defence sector. This will enable the company to partner with foreign MNCs and cater to both Domestic & Export markets.

About MTAR Technology

MTAR Technologies is a leading national player in precision engineering industry engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance. The company has grown into a major group with state-of-the art facilities with unparalleled history of contributing to Indian Civilian Nuclear Power program, Indian Space program, Indian Defence , Global Defence, as well as Global Clean Energy sectors.

Defence Industrial License


MTAR Technologies has received the Defence Industrial License for production of various mechanical and electronic subsystems in the Defence sector. This license will allow MTAR Technologies to produce mechanical and electronic subsystems in the Defence sector. The license will enable the company to partner with foreign MNCs and cater to both Domestic & Export markets by taking up projects under Buy (Indian), ‘Buy & Make (Indian)’ & ‘Make’ categories of acquisition, thereby increasing the share of Defence in the company’s revenues .

MTAR Technologies has seven strategically based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana. MTAR caters to clean energy? civil nuclear power, fuel cells, hydel & others, space, and defence sectors. The company has a long-standing relationship of over four decades with leading Indian organisations and global OEMs.

The company reported 25.4% jump in consolidated net profit to Rs 20.34 crore on 67.6% increase in net sales to Rs 152.56 crore posted in corresponding quarter last year. As on 30 June 2023, its order book stood at Rs 1,078.8 crore.

Disclaimer: The information provided is based on my search results and may not be up-to-date or accurate. Please refer to official sources for the latest information.


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