Mtar Technologies Limited has informed the Exchange about a 10 uear lon term contract entered with Weatherford Products GMBH
MTARTECH · price
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MTAR Technologies has signed a 10-year long-term contract with Weatherford Products GMBH, a German (international) company, for the supply of whipstock assemblies and other critical products used in oil & gas drilling. Execution is expected at Rs. 10 Crores in FY26 and around Rs. 90 Crores per year starting FY27, totaling roughly Rs. 900 Crores over the contract life. Production will happen at a new facility at Adibatla (Hyderabad region) that is set to go live by June 2026. The order is from an international client, with no related-party involvement.
This is a meaningful export win for MTAR, providing multi-year revenue visibility and a steady ~Rs. 90 Cr annual inflow from FY27 onwards, which strengthens the order book and de-risks future earnings. The stock may see positive sentiment given the long duration and dollar/euro-denominated international client, though near-term contribution in FY26 is small.