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
MTAR has + years of strong partnership with Bloom Energy
Existing product in high demand, new products under development for the Clean Energy sector
#MTAR is only supplier to Bloom from India as of FY21. Bloom is one of the largest and the fastest growing player globally in the stationary hydrogen fuel cell segment and has 70% of its
revenues coming from products segment and balance from services
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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.