MTAR Technologies receives accolade for Indigenous Ball Screws
Chennai, 28th September, 2021: MTAR Technologies Limited, India’s leading precision engineering solutions company has been conferred the prestigious National Level Champion Award from Society of Indian Defence Manufacturers (SIDM) under Import substitution for Mission Critical Parts/Systems/Sub-systems medium category for Ball Screws by Honourable Defence Minister of India Shri Rajnath Singh at New Delhi on September 28, 2021.
Ball Screws are the highly complex import substitutes that are used in various mission critical assemblies in cluding nuclear island assemblies, motion control actuation systems in Missiles and Launch Vehicles in Civil Nuclear Power, Space & Defence sectors.
Commenting on the same, Mr. Parvat Srinivas Reddy, Managing Director said, “We are extremely proud to receive the National Level Champion Award from Defence minister for contributing tow ards the goal of import substitutes and Atmanirbhar Bharat. Since its inception MTAR has been driven by a desire to indigenize technologies for the nation to benefit the greater community. Acc ordingly, we have always invested in futuristic technologies, infrastructure and knowledge to indigenize the technologies for the nation. Currently, we are developing associated technologies for roller screws that substitutes imports across Defence and Space segments. Indian Manufacturing is witnessing one of the most exciting phases amidst the push by government on ‘Atmanirbhar Bharat’; MTAR would like to develop more indigenous products with innovative manufacturing technologies to contribute to self-reliant India”
About MTAR Technologies Limited:
MTAR Technologies Limited is one of the leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance, through their precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously dev elo ped and manufactured. MTAR’s offerings are served in the nuclear, space and defence, and clean energy sectors where they manufacture critical and differentiated engineered products with a healthy mix of deve lopmental an d volume-based production, customized to meet the specific requirements of the customers. The company ha s been serving customers in the nuclear sector for over 35 years, and have 16 years of established relatio nships with the Nuclear Power Corporation of India (“NPCIL”).
The Company also have long-standing relationship of over three and four decades with customers such as the Indian Space Res earch Organization (ISRO) and the Defence Research and Dev elopment Organization (DRDO) and has supplied a variety of mi ssion critical products. Over the years, MTAR has developed imp ort substitutes such as ball screws and water lubricated bearings that are specialized and used in the niche sectors with high entry barriers. MTAR has 7 manufacturing units including an export-oriented unit with state-of-the-art facilities each based in Hyd er abad, Telangana & is in the process of establishing an ad ditional manufacturing facility at Adibatla in Hyderabad which is expected to be operational in Fiscal 2022.
