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