Decade of Deals: MTAR Strikes Long-Term Gold with Weatherford

MTAR Technologies Limited has pulled off a big strategic breakthrough by inking a 10-year agreement with Weatherford Products GmbH, a global market leader in the oilfield services sector. With this long-term agreement, MTAR aims to fulfill orders of ₹900 crore annually from FY27, which is a big push into the oil & gas segment.

 

The association is expected to give MTAR's product segment a boost, which has been gaining momentum in clean energy, aerospace, and defense space. The company's revenue projections for the next five years present an aggressive growth trajectory with FY27 revenues expected to cross ₹12,500 crore, driven partially by the new partnership.

 

This deal not only increases the portfolio of MTAR but also increases its international reach in precision engineering and mission-critical manufacturing. The company is positioning itself as a primary supplier of high-performance components to Weatherford's operations globally, leveraging its strength in machining, assembly, and specialty fabrication.

 

Sources: Arihant Capital, Official MTAR Technologies Website