United Drilling Tools Secures Repeat Domestic Order from Vedanta Limited for Equipment Supply
United Drilling Tools Limited has received another repeat domestic order from Vedanta Limited, securing a contract valued at Rs. 3,88,55,000/-. The order involves the supply of Tubings, Pup Joints, and Crossovers in the course of ordinary business operations.The agreement comes from Vedanta Limited, which is identified as a domestic entity. There is no reported interest from the company's promoters or promoter group in this transaction, nor is it classified as a related party transaction.
The details of the contract include an execution period of 24 weeks for the specified supply.
Key financial and operational details of the order are summarized below:
| Detail | Information |
|---|---|
| Awarding Entity | Vedanta Limited |
| Nature of Order | Supply of Tubings, Pup Joints and Crossovers |
| Domestic/International Origin | Domestic entity |
| Time Period for Execution | 24 Weeks |
| Estimated Contract Value | Rs. 3,88,55,000/- (Rupees Three Crore Eight Eight Lac Fifty Five Thousand Only) |
| Promoter Interest in Transaction | No |
The contract reinforces United Drilling Tools Limited's business engagement with Vedanta Limited for the provision of oil drilling equipment components.
UNIDT Stock Price Movement
Shares of United Drilling Tools Limited are edging higher to ₹209.95 as of 11:33 AM, gaining 1.09% in live trading. The stock has seen robust movement, with recent activity registering a gain of ₹2.26 on 602 shares.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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