United Drilling Tools Ltd Receives Domestic Order for Downhole Tools
United Drilling Tools Limited has secured a domestic order from M/s Aadyashree Drilling International Private Limited for the supply of Downhole Tools. The tools specified in the order include Stabilizer(s) and any associated accessories, to be supplied in the ordinary course of business.The details of the order reveal that the awarding entity is Aadyashree Drilling International Private Limited. This is classified as a domestic entity awarding a commercial nature of order.
The estimated contract value for this significant transaction is Rs. 57,06,480.00. The time frame designated for executing the order is between 1.5 to 2.00 Months.
The transaction details are summarized below:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order | Aadyashree Drilling International Private Limited |
| Nature of order | Supply of Stabilizer |
| Entity Type | Domestic entity |
| Contract Value | Rs. 57,06,480.00 |
| Execution Period | 1.5 to 2.00 Months |
The company confirmed that neither the promoter nor the promoter group has any interest in the entity that awarded the order. Furthermore, the order is not considered to fall within related party transactions.
UNIDT Stock Price Movement
At the close of trade, United Drilling Tools Limited surged by 18.57% to trade at ₹184.00. The stock moved through an intraday band between ₹152.05 and ₹186.21, supported by a volume of 53,735 shares.Source:
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