United Drilling Tools Ltd Receives Domestic Order from ONGC for Integral Blade Stabilizer
United Drilling Tools Ltd. has secured a domestic order from Oil and Natural Gas Corporation Limited (ONGC) for the supply of Integral Blade Stabilizer, along with associated accessories, in the ordinary course of business. The contract is categorized as a commercial domestic order expected to be executed within a timeframe of four to five months.The order details indicate that the contract value is estimated at Rs. 5,03,55,686.80.
The core details of the business transaction are summarized below:
| Particulars | Details |
|---|---|
| Awarding Entity | Oil and Natural Gas Corporation Limited |
| Product Supplied | Integral Blade Stabilizer |
| Nature of Order | Commercial |
| Origin of Order | Domestic entity (Domestic) |
| Estimated Contract Value | Rs. 5,03,55,686.80 |
| Estimated Execution Period | 4-5 Months |
The contract, which is considered a domestic and commercial transaction, involves the supply of Integral Blade Stabilizer, reflecting the company's involvement in the oil drilling equipment manufacturing and services sector.
UNIDT Stock Price Movement
Shares of United Drilling Tools Limited are edging higher to ₹203.00 as of 11:52 AM today, rallying by 0.61% in live trading. The stock has seen robust activity, trading 7,068 shares so far and currently staying within a day range between ₹200 and ₹205.5.Source:
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