United Drilling Tools Ltd Secures Repeat Export Order from Brazilian Firm for Casing Pipe Supply
United Drilling Tools Ltd has received an additional repeat export order from M/s Argentera Oil and Gas, Brazil. The contract involves supplying specialized Casing Pipe with multi start Connectors to M/s Petrobras in the ordinary course of business.The international order holds an estimated contract value of Rs. 1,60,87,627. This contract is set for execution within a timeframe of four to five months.
The details of the significant export contract are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Argentera Oil and Gas, Brazil |
| Product Supplied | Casing Pipe with multi start Connector |
| Nature of Transaction | Supply of products to Petrobras through Argentera Oil and Gas |
| Market Type | International Export |
| Estimated Contract Value | Rs. 1,60,87,627 |
| Execution Period | 4-5 Months |
The transaction is noted as a standard international export contract. The company confirmed that the order does not involve any interest from its promoter group or fall under related party transactions.
UNIDT Stock Price Movement
Shares of United Drilling Tools Limited are gaining ground in live trading, ticking up by 0.68% and currently standing at ₹218.79 as of 12:24 PM. The stock is being traded on a volume of 2,642 shares today amid market movement.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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