MTAR Technologies Ltd enters into a 10 year long-term contract with Weatherford Products GMBH

MTAR Technologies Limited has entered into a 10-year long term contract with Weatherford Products GMBH for execution of Whipstock assemblies and other critical products. The company expects to execute around Rs.10 Crores in FY 26 and around Rs.90 Crores YoY starting from FY 27. The company plans to execute these orders in a new facility at Adibatla that shall be operational by June 2026.

"This milestone reflects our commitment to expand our product base and enhance our customer portfolio across diverse sectors. We are in discussions with several other customers to enter into long-term agreements for various products that shall accelerate our growth momentum. Our expanding product portfolio underscores our dedication to innovation, quality and excellence in service", said Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies Limited.

Shares of Mtar Technologies Limited was last trading in BSE at Rs. 1691.80 as compared to the previous close of Rs. 1691.35. The total number of shares traded during the day was 3651 in over 645 trades.

The stock hit an intraday high of Rs. 1721.50 and intraday low of 1662.30. The net turnover during the day was Rs. 6194165.00.

Source : Equity Bulls

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