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".
MTARTECH · price
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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.
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.