Omnitech Engineering has secured a significant contract valued at approximately ₹920 crore from Weatherford Products GmbH.
The contract, awarded through a Master Purchase Agreement, spans a tenure of five years. The agreement involves an annual commercial consideration of approximately USD 20,104,120 plus GST, indicating a substantial engagement for Omnitech Engineering over the contract’s duration. The contract is of an international nature, highlighting Omnitech’s expanding global footprint. Notably, the promoter group of Omnitech Engineering does not have any interest in Weatherford Products, and the contract does not fall under related party transactions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by News Desk before publication.
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