United Drilling Tools Secures Order from Baker Hughes for Winch Accessories
United Drilling Tools Limited has secured an order from M/s Baker Hughes Singapore Pte., marking a significant commercial contract in the Oil and Gas Industry. The order is related to the supply of specialized Winch Accessories, confirmed by the company's management.The contract details indicate that Baker Hughes is the awarding entity for the order. This commercial transaction falls under an international agreement, with United Drilling Tools Limited set to execute the contract within 30 days.
Details concerning the newly awarded contract are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Baker Hughes |
| Nature of Transaction | Commercial |
| Contract Duration | 30 days |
| Estimated Contract Value | INR 11,57,846/- |
| Buyer Status | International entity |
The company confirmed that there is no interest or involvement from the promoter group in this order. Furthermore, the transaction has been identified as not falling under a related party transaction.
UNIDT Stock Price Movement
As of 12:14 PM, shares of United Drilling Tools Limited are shedding value in live trading, currently priced at ₹227.10 after dropping by 0.76%. The stock is consolidating amidst a limited volume of 1,494 shares while maintaining distance above its day low of ₹226.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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