United Drilling Tools Secures ₹10.35 Cr ONGC Order for Large OD Casing Pipe Supply

United Drilling Tools Limited has secured a domestic commercial order from Oil and Natural Gas Corporation Limited (ONGC) for the supply of Large OD casing pipe with multi start connector. The order, disclosed on 11/05/2026 pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, carries an estimated contract value of INR 10,35,50,000 (Rupees Ten Crore Thirty Five Lakh Fifty Thousand only).

Order Details

The company disclosed the key parameters of the order in its regulatory filing. The contract is classified as commercial in nature and is to be executed within a period of 6 months. The order has been awarded by a domestic entity and does not constitute a related party transaction, nor does the promoter or promoter group hold any interest in the awarding entity.

The following table summarises the key details of the order as disclosed:

Parameter:	Details
Awarding Entity:	Oil and Natural Gas Corporation Limited
Nature of Order:	Commercial
Scope of Supply:	Large OD casing pipe with multi start connector
Domestic / International:	Domestic
Execution Period:	6 Months
Estimated Contract Value:	INR 10,35,50,000 (Rupees Ten Crore Thirty Five Lakh Fifty Thousand only)
Related Party Transaction:	No
Promoter / Promoter Group Interest:	No

Regulatory Disclosure

The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/CFD/CMD1/CIR/P/2024/111 dated November 2024, alongside Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The filing was signed by Anand Kumar Mishra, Company Secretary (M. No. FCS-7207), on behalf of United Drilling Tools Limited. The order falls within the ordinary course of business for the company, which is engaged in oil drilling equipment manufacturing and services.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.39%	+6.58%	+6.65%	+7.90%	+8.45%	-26.15%

United Drilling Tools Limited has secured a substantial order from Oil and Natural Gas Corporation Limited (ONGC) worth ₹5,03,55,686.80 for the supply of Integral Blade Stabilizer equipment. The company announced this development through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Specifications

The commercial order encompasses the supply of Integral Blade Stabilizer along with necessary accessories, to be executed within a timeframe of 4-5 months. This domestic order was awarded by ONGC in the ordinary course of business operations.

Parameter:	Details
Awarding Entity:	Oil and Natural Gas Corporation Limited
Contract Value:	₹5,03,55,686.80
Product:	Integral Blade Stabilizer (including accessories)
Execution Timeline:	4-5 months
Nature:	Commercial, Domestic

Regulatory Compliance and Transparency

The company has confirmed full compliance with regulatory disclosure requirements, providing comprehensive details about the contract terms and conditions. The order falls within the company's regular business operations and does not constitute a related party transaction.

Key Transaction Characteristics

The announcement clarifies several important aspects of the business arrangement:

The contract represents a domestic business opportunity with a leading public sector enterprise
No promoter or group company interests are involved in the awarding entity
The transaction is conducted at arm's length with standard commercial terms
The order aligns with the company's core business of oil drilling equipment manufacturing and services

Business Impact

This order reinforces United Drilling Tools Limited's position as a supplier to major oil and gas corporations in India. The contract with ONGC, one of India's largest oil and natural gas exploration companies, demonstrates the company's capability to secure significant business from premier public sector enterprises in the energy sector.