Omnitech Engineering Secures USD 201M Contract with Weatherford
Filing Summary
Omnitech Engineering Ltd has received a contract from Weatherford Products GmbH through a Master Purchase Agreement. The contract spans a period of five years with an annual value of approximately USD 201 million, totaling INR 920 crore plus GST over the contract duration. The agreement involves international operations, with no related party transactions or promoter interests reported. This update was disclosed in accordance with SEBI regulations, ensuring compliance and transparency in the company’s financial dealings.
Omnitech Engineering Ltd has announced the receipt of a contract from Weatherford Products GmbH via a Master Purchase Agreement. This contract, disclosed on March 11, 2026, is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.
The contract has a tenure of five years. The agreement is valued at approximately USD 201,04,120 per year, which translates to approximately INR 184 crore annually. Over the five-year period, the total value amounts to INR 920 crore plus GST. The contract involves international operations, as Weatherford Products GmbH is an international entity.
The nature of the order is defined under the Master Purchase Agreement. The filing confirms that there are no related party transactions involved, and no interest from the promoter or promoter group in the entity awarding the contract. The terms and conditions of the contract are subject to the agreement’s stipulations.
Weatherford Products GmbH is a company involved in providing equipment and services for the oil and gas industry. The company focuses on delivering innovative solutions to enhance operational efficiency and productivity in the energy sector.
Omnitech Engineering Ltd specializes in engineering solutions and manufacturing. The company is committed to expanding its international presence and securing strategic contracts to enhance its market position. Omnitech continues to focus on delivering quality engineering products and services to its clients worldwide.