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MTAR Technologies Limited is expanding its clean energy fuel cell manufacturing due to record order inflows, positioning it as a growth driver for FY26 and beyond. The company received orders worth INR 10.8 billion in the first nine months of FY26.

To meet demand, MTAR plans to increase fuel cell hot box capacity from 8,000 to 12,000 units by FY26's end, and further to 20,000 units by the end of 2026. The overall order book is projected to reach INR 28 billion by FY26, bolstered by segments including civil nuclear and aerospace.