MTAR Technologies Share Price Surges; Secures ₹126.74 Crore NPCIL Order for Reactor Refurbishment

 MTAR Technologies has secured fresh purchase orders worth ₹126.74 crore from Nuclear Power Corporation of India Limited (NPCIL), adding another order to its civil nuclear business, as per the exchange filing. The orders relate to the refurbishment of two operating nuclear reactors in India. 

The company said the orders are part of its ongoing business relationship with NPCIL and will be executed by May 26, 2028. 

Order Covers RAPS-4 and MAPS-2 Reactors 

The contract is for the supply of coolant channel assemblies required for the refurbishment of the RAPS-4 and MAPS-2 reactors. While the filing confirms the total order value, it does not provide a project-wise breakup between the two reactors. 

NPCIL has awarded the purchase orders, and MTAR will execute the work over the next two years. 

Nuclear Order Book Crosses ₹775 Crore 

Parvat Srinivas Reddy, Managing Director of MTAR Technologies, said the company has secured several orders in the civil nuclear segment over the past few months. 

Reddy said MTAR's nuclear order book has now crossed ₹775 crore, the highest in the company's history. He also said the company expects a steady flow of orders from the sector over the coming years. 

About MTAR Technologies 

MTAR Technologies is a Hyderabad-based precision engineering company that manufactures high-precision components and systems for the nuclear, space, defence, clean energy and aerospace sectors.  

It supplies critical equipment to organisations including NPCIL, ISRO and other strategic industries in India. 

Read More: NBCC Share Price in Focus; Bags ₹121.74 Crore Order to Construct 170 New School Buildings! 

MTAR Technologies Share Price Performance  

As of 26 August 2026, at 12:25 PM, MTAR Technologies share price is trading at ₹7,039 per share, reflecting a surge of 1.59% from the previous trading session. 

Conclusion 

The ₹126.74 crore NPCIL order strengthens MTAR Technologies' presence in the civil nuclear sector, with the company supplying coolant channel assemblies for the refurbishment of the RAPS-4 and MAPS-2 reactors by May 2028. 

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