Deals19 Jun 2025, 12:01 pm
MTAR Technologies Ltd Secures 10-Year Contract with Weatherford Products GMBH for Rs. 90 Crores Orders Annually
AI Summary
MTAR Technologies Ltd has entered into a 10-year long-term contract with Weatherford Products GMBH. The contract is expected to generate Rs. 90 Crores orders annually starting from FY 2027. The company plans to execute these orders in a new facility at Adibatla, which will be operational by June 2026. The initial execution is expected to be around Rs. 10 Crores in FY 2026.
Key Highlights
- MTAR Technologies Ltd has secured a 10-year contract with Weatherford Products GMBH
- The contract is expected to generate Rs. 90 Crores orders annually starting from FY 2027
- The company plans to execute these orders in a new facility at Adibatla
- The new facility is expected to be operational by June 2026
- The initial execution is expected to be around Rs. 10 Crores in FY 2026