United Drilling Tools Secures International Order for Gas Lift Mandrels Worth INR 48 Lakhs
United Drilling Tools Limited has secured a commercial order from M/s Tri Lift Services INC of USA for supplying Gas Lift Mandrel used in the Oil and Gas Industry. The contract represents a significant international business development opportunity for the company.The deal involves providing specialized Gas Lift Mandrels to the American entity, which falls under the ordinary course of United Drilling Tools' operations as an oil drilling equipment manufacturer and service provider.
Order Details Summarized
The order is categorized as an international commercial transaction with an estimated contract value of INR 48,29,175/-. The execution period for the delivery is set at four to five months.Key details regarding the awarded contract are presented below:
| Particulars | Details |
|---|---|
| Entity awarding the order | Tri Lift Services INC |
| Product/Contract terms | Gas Lift Mandrel supply |
| Nature of order | Commercial International |
| Estimated Contract Value | INR 48,29,175/- |
| Delivery Timeline | 4 to 5 months |
The contract details confirm that the promoter or promoter group companies have no interest in this transaction, and it does not fall under related party transactions.
UNIDT Stock Price Movement
As of 11:59 AM, shares of United Drilling Tools Limited are shedding ₹1.08 or 0.46% in live trading, with the stock currently at ₹233.9. The equity sees a traded volume of 2,132 shares as market participants navigate the ongoing volatility.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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