India's MTAR Technologies rises on 'largest single order'

MTAR Technologies

13/09/2021 09:42

** Engineering company's shares  MTAR.NS  rise as much as
4.3% at 1,429.90 rupees, highest in more than a month
    ** Company says got export order from U.S.-based Bloom
Energy worth 2.20 bln rupees ($29.89 mln)
    ** Order for export of hot boxes and associated components
for Bloom Energy, which will be delivered over the four quarters
of 2022 - MTAR says https://bit.ly/3C5Jx3F
    ** "This is the largest single order ever received by MTAR
and it will clearly support the growth targets that MTAR has set
for itself," company says
    ** More than 281,000 shares change hands by 0801 GMT, 1.5x
30-day avg of 205,116
    ** MTAR, which made its stock market debut in March, up
26.6% this year, as of last close

 ($1 = 73.6120 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607))