Current Order Book of #MTARTECH as on Sept 30, 2021 is 2.2× of FY21 revenues.
#MTARTECH is a leader in critical and differentiated engineered products.
MTAR Expanding its Product Portfolio:
Indigenizing the Roller Screws. Made a significant progress in the developmental activity.
✓ Significant R&D efforts undertaken for the development of
roller screws. Qualification has been completed for Space and trial order is expected to be released in Q3. Qualification criteria for Defense is under progress, which is expected to be completed by Q3
✓ The company has also initiated the development of Electro-mechanical actuators, which find application in Space and
Defense sectors. Co have received initial order worth 1.3 Crs for Defense.
Establishment of New Capabilities by MTAR Tech:
✓Co is building an exclusive specialized fabrication facility at Adibatla to take up high end fabrication job that shall enhance their existing capabilities. The facility is expected to be functional by end of FY22.
Sheet Metal
✓Co is adding new feather to the cap by diversifying into high precision sheet metal work. It is establishing sheet metal facility at Adibatla
✓ The Co will be initially catering to ISRO and Bloom Energy.
✓ The new capabilities are expected to bring in lot more customers. The facility is expected to be functional by H2 FY22
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Existing Products Supplies:
▪ Fuel Cell Products
▪ SOFC Hot boxes - Use methane to generate power
Under Development n Manufacturing:
▪ #MTAR is developing the following products in collaboration with Bloom to expand its product portfolio in clean energy sector:
▪ Hydrogen boxes- Use Hydrogen to generate power
▪ Electrolyzers - generate green hydrogen from water that shall be used in power units to generate power with zero carbon emissions
▪ Establishment of sheet metal vertical at Adibatla unit to cater to Bloom Energy and other customers
Second quarter FY22 revenues of #LaxmiOrganics are likely to be muted or subdued cause of floods and pricing pressure but now prices have flattened out and is in upward trend.
Q1 revenues of FY 22 are already 42% of total revenues of FY21.
Going forward in speciality unit of #laxmiOrganics there will be investment of around 250 crores and as this capex comes alive there will be jump in revenues and profitability.
Also fluorochemicals business for third vertical will come alive in last quarter of FY22 which is a 270 crores investment.