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AI Boom Fuels Indian Manufacturers
3 Nov
Summary
- Companies see strong growth from AI data center demand.
- MTAR Technologies partners with Bloom Energy and SLB.
- Aeroflex Industries supplies liquid cooling to US tech firms.
The escalating demand for AI data centers is creating substantial growth avenues for Indian manufacturers in the crucial sectors of liquid cooling and fuel cell production. Two key companies have reported exceptional Q2FY27 earnings, driven by increased orders, global collaborations, and strategic capacity expansions.
MTAR Technologies, a long-term partner of Bloom Energy for Solid Oxide Fuel Cell components, is also collaborating with SLB on data center infrastructure solutions. The company secured an initial order worth ₹45 crore from SLB, with a projected revenue of ₹350-₹450 crore over the next two years.
Aeroflex Industries is a specialized supplier of metallic flexible flow solutions, focusing on liquid cooling systems for AI data centers. They exclusively supply these systems to a leading American technology firm in India, with plans to expand into international markets.
Both MTAR and Aeroflex experienced significant financial growth in Q2FY27. MTAR reported a 200% year-on-year revenue increase and a nearly 14-fold rise in net profit. Aeroflex saw an 87% revenue growth and a 156.8% surge in net profit, driven by strong demand for their cooling solutions.
