United Drilling Tools Limited Secures Domestic Contract Order from Vedanta
United Drilling Tools Limited announced the receipt of a significant domestic order from M/s Vedanta Limited ('Cairn Oil & Gas'). The order involves the supply of key oil drilling components in the ordinary course of business.The contract awarded by the domestic entity, Vedanta Limited, covers the provision of Tubing, Pup Joints, and Crossovers, along with necessary accessories. The commercial nature of the agreement is expected to be executed over a four-month period.
The financial details of the order are summarized below:
| Detail | Description |
|---|---|
| Entity Awarding Order | Vedanta Limited |
| Nature of Order | Commercial |
| Product Scope | Tubing, Pup Joints & Crossovers |
| Timeline for Execution | 4 Months |
| Estimated Contract Value | INR 3,16,65,748.40 (Rupees Three Crore Sixteen lakh Sixty Five Thousand Seven Hundred Forty Eight and forty Paisa only) |
| Order Type | Domestic |
The company confirmed that the order originated from a domestic entity and the transaction falls under a commercial nature. United Drilling Tools Limited confirmed that neither the company nor its group companies have any stated interest in Vedanta Limited.
UNIDT Stock Price Movement
As of 11:59 AM, shares of United Drilling Tools Limited are slipping by 1.42% in live trading, currently at ₹212.75. The stock has seen noticeable activity today, trading on a volume of 24,047 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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