MTAR Technologies IPO - KRChoksey’s Investment Rationale

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KRChoksey Research Report

MTAR Technologies is a leading national player in the precision engineering industry, primarily engaged in the manufacturing of mission-critical precision components with close tolerance and in critical assemblies through its precision machining, assembly, specialized fabrication, testing, and quality control processes.

Since its inception, the company has significantly expanded its product portfolio including critical assemblies i.e., liquid propulsion engines to GSLV Mark III, base shroud assembly and airframes for Agni programs, actuators for light combat aircraft, power units for fuel cells, fuel machining head, bridge and column, drive mechanisms, thimble package, etc.

A wide range of complex product portfolios meets the varied requirements of the Indian nuclear, Defense, and Space sector.

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