United Drilling Tools Limited has informed the Exchange about Awarding of order(s)/contract(s)

Govt Defence OrderBusiness Updates View source PDF

UNIDT · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+5.1%1-day move

₹201.99

prior close

₹203.00

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+2.1+1.5+0.0+0.6+5.1+5.3+6.9+6.4+7.6+5.3+0.0+11.4+12.4+13.7

Up moveDown movePending

AI summary

United Drilling Tools Limited has received a domestic order from Oil and Natural Gas Corporation Limited (ONGC) for the supply of Integral Blade Stabilizer, including accessories. The estimated contract value is Rs. 5,03,55,686.80 (approximately Rs. 5.03 crores). The order is to be executed within a 4-5 month timeframe and is in the ordinary course of business. This is not a related party transaction and no promoter group has any interest in ONGC. ONGC is a government-owned enterprise (PSU) in the oil and gas sector.

Likely market impact

This is a positive development as the company secures a significant order from India's largest oil explorer ONGC, representing potential revenue growth over the next few months.