Mtar Technologies Limited — Updates, 19-06-2025: Press Release

MTAR Technologies has announced a board meeting to discuss financial results and shared it has secured a 10-year contract with Weatherford for Whipstock assemblies and critical products, targeting Rs. 90 Cr annual execution starting FY 27. Initial orders of Rs. 10 Cr are expected in FY 26. Production will ramp up from a new facility in Adibatla operational by June 2026. This long-term deal boosts MTAR’s order book and underlines its strategy to grow through product diversification and expanded customer partnerships.