MTAR Technologies Limited has signed a long-term agreement spanning ten years with Weatherford Products GMBH for the supply of Whipstock assemblies and other critical components. Under this agreement, the company anticipates executing orders worth approximately Rs 10 crore in FY26, with the order value expected to scale up to Rs 90 crore annually from FY27 onwards.
These orders will be fulfilled at MTAR’s upcoming Adibatla facility, which is scheduled to become operational by June 2026.
Commenting on the development, Parvat Srinivas Reddy, Managing Director & Promoter of MTAR Technologies, stated:
"This strategic milestone demonstrates our commitment to expanding our product portfolio and strengthening our customer base across various industries. We are currently in advanced discussions with several other clients to establish similar long-term partnerships, which will further drive our growth trajectory. Our ever-evolving product range reaffirms our focus on innovation, quality, and service excellence."