+
 MTAR Technologies to develop SEZ in Adibatla at Rs 200 crore
ECONOMY & POLICY

MTAR Technologies to develop SEZ in Adibatla at Rs 200 crore

MTAR Technologies, a Hyderabad-based machine industry company, plans to set up a Special Economic Zone (SEZ) with an export-oriented facility in Adibatla, Hyderabad, with an investment of Rs 150-200 crore.

At present, the company has seven strategically-based manufacturing units, with one export-oriented unit in Hyderabad. It has manufactured critical components and assemblies like liquid propulsion engines, components and assemblies for cryogenic engines, turbo pumps, gas generators and injector heads for engines and electro-pneumatic modules to serve space launch vehicles.

Managing Director of MTAR Technologies, P Srinivas Reddy, told the media that the company is searching for suitable land and specific facilities to set up an export-oriented unit in SEZ. The company is looking for land near the existing SEZ in Adibatla to benefit from the ecosystem.

He said that the company plans to establish dedicated sheet metal and specialized fabrication facilities in Adibatla. It has constructed a manufacturing facility in a 9.6 acres facility and plans to set up a unit for specialized fabrication.

The sheet metal facility is expected to be completed by January 2022 and specialized fabrication by June 2022. These facilities will enable the company to grow its customer base by adding more multinational corporation (MNC) customers. The company is investing around Rs 30-40 crore in the clean energy sector.

With the new capacities, it can expand its wallet share with the existing customers in nuclear power, space and defense, and clean energy to meet the demand for new customers in these sectors.

Reddy said that the existing facilities operate in aerospace, defense and clean energy. However, it wants to become an integrated company in electronics and mechanical systems.

Image Source

MTAR Technologies, a Hyderabad-based machine industry company, plans to set up a Special Economic Zone (SEZ) with an export-oriented facility in Adibatla, Hyderabad, with an investment of Rs 150-200 crore. At present, the company has seven strategically-based manufacturing units, with one export-oriented unit in Hyderabad. It has manufactured critical components and assemblies like liquid propulsion engines, components and assemblies for cryogenic engines, turbo pumps, gas generators and injector heads for engines and electro-pneumatic modules to serve space launch vehicles. Managing Director of MTAR Technologies, P Srinivas Reddy, told the media that the company is searching for suitable land and specific facilities to set up an export-oriented unit in SEZ. The company is looking for land near the existing SEZ in Adibatla to benefit from the ecosystem. He said that the company plans to establish dedicated sheet metal and specialized fabrication facilities in Adibatla. It has constructed a manufacturing facility in a 9.6 acres facility and plans to set up a unit for specialized fabrication. The sheet metal facility is expected to be completed by January 2022 and specialized fabrication by June 2022. These facilities will enable the company to grow its customer base by adding more multinational corporation (MNC) customers. The company is investing around Rs 30-40 crore in the clean energy sector. With the new capacities, it can expand its wallet share with the existing customers in nuclear power, space and defense, and clean energy to meet the demand for new customers in these sectors. Reddy said that the existing facilities operate in aerospace, defense and clean energy. However, it wants to become an integrated company in electronics and mechanical systems. Image Source

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?