Mtar Technologies Limited has informed the Exchange regarding a press release dated Jun 19, 2025, titled "Press Release on a 10 years long term contract entered with Weatherford Products GMBH".

Order above 5% of revenueExport order in hard currencyGuidance raisedBusiness Updates View source PDF Explain this filing

MTARTECH · price

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Price reactionminutes from the announcement price · days from the prior close

+2.3%Reaction day

₹1681.00

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.8%+4.1% vs market

Other Electrical Equipment peers, median of 39sector-2.3%+4.6% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.6 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

MTAR Technologies has signed a 10-year long-term contract with Weatherford Products GMBH (a German oilfield services company) to manufacture and supply Whipstock assemblies and other critical products. The company expects to execute about Rs. 10 Crores in FY26 and around Rs. 90 Crores per year starting from FY27 onward. To fulfil this order, MTAR is setting up a new manufacturing facility at Adibatla, expected to be operational by June 2026. Over the full 10-year period, the total contract value could be in the range of Rs. 800–900 Crores. The Managing Director said the company is in discussions with several other customers for similar long-term agreements, signalling broader growth momentum.

Likely market impact

This is a positive development as it provides strong multi-year revenue visibility and diversifies MTAR beyond defence into the global oil & gas equipment segment. The Rs. 90 Cr annual run-rate is a meaningful addition to the company's order book and may support re-rating, though execution risk and the FY26 ramp-up remain key things to watch.