Shares of Omnitech Engineering Ltd ended 5% higher on 12th March after the company said it had secured an order worth Rs 920 crore from Weatherford Products GmbH through a Master Purchase Agreement (MPA). This was according to a regulatory filing.

Omnitech Engineering informed the stock exchanges that it had received a contract from Weatherford Products under an MPA framework.

The disclosure was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations. This regulation requires listed companies to report important business developments.

The company said the order will be executed in accordance with the terms agreed between the two parties. These terms are set under the MPA structure.

Omnitech Engineering submitted the disclosure to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). This was for regulatory compliance.

The company added that the filing was made to maintain transparency. It was also made to keep investors and market participants informed about the order.

At 3:30 PM, shares of Omnitech Engineering ended 5.29% higher at Rs 220 on the NSE.

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