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MTAR Technologies Clinches Purchase Orders Worth $239 Million; Shares Jump 7%

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MTAR Technologies (NSE:MTARTECH, BOM:543270) secured purchase orders worth $238.8 million from an undisclosed international client, according to a Thursday filing to the Indian stock exchanges.

MTAR is a precision engineering company specializing in critical components for aerospace, defense, nuclear, and clean energy sectors.

The company did not specify the nature of the orders but said they are in continuation of regular business with the existing customer.

The company's shares jumped over 7% in recent trade.

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