Omnitech Engineering surges on bagging Rs 920 crore contract
The contract has a tenure of 5 years
Omnitech Engineering is currently trading at Rs. 214.55, up by 5.10 points or 2.43% from its previous closing of Rs. 209.45 on the BSE.
The scrip opened at Rs. 215.10 and has touched a high and low of Rs. 222.00 and Rs. 209.55 respectively. So far 130551 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 224.00 on 05-Mar-2026 and a 52 week low of Rs. 176.20 on 09-Mar-2026.
Last one week high and low of the scrip stood at Rs. 222.00 and Rs. 176.20 respectively. The current market cap of the company is Rs. 2659.44 crore.
The promoters holding in the company stood at 74.19%, while Institutions and Non-Institutions held 15.93% and 9.88% respectively.
Omnitech Engineering has secured a contract through Master Purchase Agreement from Weatherford Products GmbH. The contract has a tenure of 5 years. The company will receive a consideration of around $20.10 million (Rs 184 crore) plus GST per year. The total value of contract is around Rs 920 crore plus GST.
Omnitech Engineering is a manufacturer of turned and machined parts, focusing on precision engineering for various industries.

