MTAR Technologies Limited has received an export order for Rs. 174.6 crores in the clean energy segment to be executed from January 2023 - June 2023.

Commenting on the order, 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 US $8 billion by 2030 and US $340 billion by 2050. NITI Aayog has suggested a Production Linked Incentive (PLI) Scheme for electrolysers and fuel cells. MTAR is well positioned to capture the lucrative market potential available in the clean energy sector."