MTAR Technologies Ltd.MTARTECH₹1,719.10 +1.55%

MTAR Technologies Ltd. has announced a significant long-term contract win from Weatherford Products GMBH, marking a major step in the company’s international expansion and precision engineering capabilities.

The order, awarded by the Switzerland-based Weatherford entity, involves the execution of Whipstock assemblies and other critical components over a period of 10 years. MTAR expects to generate approximately ₹90 crore in annual revenue from FY27 onwards under this contract, with initial execution of around ₹10 crore scheduled for FY26.

To fulfil this order, MTAR will commission a new manufacturing facility in Adibatla, which is expected to be operational by June 2026. The state-of-the-art unit will enhance the company’s capacity to deliver high-precision, high-complexity components for global clients in the oilfield equipment sector.

This order reaffirms MTAR’s position as a trusted supplier of mission-critical components to leading international OEMs. It also highlights the company’s strategic focus on expanding its global footprint, backed by robust manufacturing infrastructure and deep engineering expertise.

With this development, MTAR strengthens its long-term order visibility and builds momentum in its pursuit of global high-value manufacturing opportunities.

Let’s take a look at MTAR’s Factor Analysis scores:

Note: The stock price mentioned is as of 3:30 PM.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887, and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst, and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.