MTAR Technologies & Monarch Surveyors Win Orders Over ₹137 Cr
By ThePip Desk
MTAR Technologies secures ₹126.74 Cr from NPCIL for reactor refurbishment, while Monarch Surveyors wins a ₹10.41 Cr contract. Significant wins boost order books.
MTAR Technologies and Monarch Surveyors have announced significant new business, securing purchase and work orders totaling over ₹137 crore. These agreements underscore robust activity in precision engineering and surveying sectors.
MTAR Technologies finalized purchase orders valued at ₹126.74 crore from the Nuclear Power Corporation of India. These orders are specifically for the supply of coolant channel assemblies, designated for the refurbishment of the RAPS-4 and MAPS-2 reactors.
Key MTAR Order Details
- Order Value: ₹126.74 crore
- Client: Nuclear Power Corporation of India
- Project: Coolant channel assemblies for RAPS-4 and MAPS-2 refurbishment
- Execution Deadline: May 26, 2028
- Closing Nuclear Order Book: more than ₹775 crore
Prior to these latest contracts, MTAR Technologies had also secured purchase orders worth approximately $48.68 million from an international client. This sum translates to around ₹467.30 crore, based on an exchange rate of ₹96.
Separately, Monarch Surveyors obtained a work order amounting to ₹10.41 crore. This contract involves the selection of Agencies for Licensed Surveyors, a mandate from the District Superintendent of Land Records in Buldhana.
MTAR Technologies operates as a prominent precision engineering solutions company. The firm specializes in manufacturing mission-critical precision components, maintaining strict tolerances between 5 and 10 microns.
The combined value of these new orders for both companies totals ₹137.15 crore, marking a substantial influx of new business that highlights ongoing demand across their specialized fields.