United Drilling Tools Limited has informed the Exchange about Awarding of order(s)/contract(s)
UNIDT · price
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United Drilling Tools Limited has received a domestic commercial order from Oil and Natural Gas Corporation Limited (ONGC) for the supply of Large OD Casing Pipe. The estimated contract value is approximately Rs. 3.73 crore (INR 3,72,78,000). The order is to be executed over a period of 5 to 6 months. The order has been awarded by a domestic entity and is in the ordinary course of business. There is no promoter or related party interest involved in the awarding entity.
This is a modest-sized order from a major public sector client (ONGC), which adds to the company's order book but is unlikely to materially move the stock. The order reinforces UDT's relationship with ONGC in the oil drilling equipment segment and provides near-term revenue visibility.