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MTAR Technologies: Stock Story
At Intelsense we regularly study interesting businesses. We keep profiling them. The idea is to keep learning and expanding our knowledge base.Business OverviewMTAR Technologies Limited (MTL) started as a partnership firm in 1970 and was incorporated as a private limited company in 1999 by the Late P. Ravindra Reddy, Sri K. Satyanarayana Reddy and Sri P. Jayaprakash Reddy. The company was publicly listed on the exchanges in March 2021. The company has six manufacturing units, including an EOU in Hyderabad, and has recently started a new unit at Adibatla. The key product portfolio of the company includes critical assemblies such as:Liquid propulsion engines to GSLV Mark III Base Shroud Assembly & Airframes for Agni programs Actuators for LCA Power units for fuel cells Fuel machining head, Bridge & Column, Thimble Package, Drive Mechanisms etc. to the core of the nuclear reactor.Some of the clients of the company are ISRO, NPCIL, DRDO, Bloom Energy, Rafae..