MTAR Technologies Limited Receives Orders of USD 22.12 million in Clean Energy

#MTARTechnologies #cleanenergy #CarbonEmission

Source: MTAR Technologies Limited

“Clean Energy sector is poised to grow at an accelerated pace amidst the global carbon emission reduction targets.” - Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies

July 2022: MTAR Technologies limited, Hyderabad has received an export order for USD 22.12 Mn (approximately Rs 174.6 Crores) in Clean Energy Segment. The orders are expected to be executed from Jan 2023 to June 2023.

Commenting on it, Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said “Clean Energy sector is poised to grow at an accelerated pace amidst the global carbon emission reduction targets. The green hydrogen market in India is expected to be USD 8 billion by 2030 and USD 340 billion by 2050. NITI Aayog has suggested a Production Linked incentive scheme for electrolyser and fuel cells. MTAR is well positioned to capture the lucrative market potential available in Clean Energy sector”