United Drilling Tools Limited Secures Domestic Order from ONGC for Large OD Casing Pipe
United Drilling Tools Limited (UDTL) has received a substantial domestic order from Oil and Natural Gas Corporation Limited (ONGC). The contract involves the supply of specialized industrial equipment in the ordinary course of the company’s business.The order specifies the supply of Large OD casing pipe with a multi start connector. Details concerning the contract awarded by the domestic entity, ONGC, indicate that the transaction falls under the commercial nature of business operations. The estimated contract value for this order is set at INR 10,35,50,000/- (Rupees Ten Crore Thirty Five Lakh Fifty Thousand only).
Key details regarding the order received from ONGC are presented below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Oil and Natural Gas Corporation Limited |
| Product Supplied | Large OD casing pipe with multi start connector |
| Origin of Order | Domestic entity |
| Nature of Order | Commercial |
| Contract Value | INR 10,35,50,000/- |
| Execution Timeline | 6 Months |
The company confirmed that the order is a domestic transaction and that there is no interest from the promoter or promoter group in the entity that awarded the contract. The execution of the agreement is not categorized as a related party transaction.
UNIDT Stock Price Movement
Today, United Drilling Tools Limited shares gained ₹2.41 to settle at ₹202.82, marking a climb of 1.19% for the session. The stock saw an average trading day volume of 7,124 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.