United Drilling Tools wins ₹3.89 Cr order from Vedanta

1 min read Updated on 02 Jul 2026, 11:41 AM

Reviewed by

Shriram SScanX News Team

AI Summary

United Drilling Tools secured a ₹3.89 Cr order from Vedanta for supply of tubings, pup joints, and crossovers. The domestic order is to be executed within 24 weeks.

*this image is generated using AI for illustrative purposes only.

United Drilling Tools has secured a repeat domestic order worth ₹3.89 crore from Vedanta Limited for the supply of oil drilling equipment. The contract involves the provision of tubings, pup joints, and crossovers, and is to be executed within a period of 24 weeks. This order was received in the ordinary course of business and does not involve any related party transactions.

The disclosure was made to the exchanges pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the promoter, promoter group, or group companies have no interest in the entity awarding the order.

The following table outlines the key details of the order:

Particulars	Details
Entity awarding the order	Vedanta Limited
Nature of order	Supply of Tubings, Pup Joints and Crossovers
Type of entity	Domestic
Execution period	24 Week
Estimated contract value	₹3.89 Cr
Related party transaction	NO

Vedanta Limited awarded the order as a domestic entity. The estimated contract value is Rs. 3,88,55,000/-. The company stated that the transaction is not a related party transaction and was conducted at arm’s length.

Historical Stock Returns for United Drilling Tools

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.43%	-0.79%	-8.55%	+8.05%	-6.03%	-33.15%

Will this repeat order from Vedanta lead to more long-term supply agreements?

How will this order impact United Drilling Tools' revenue for the current fiscal quarter?

Does this order signal increased domestic drilling activity by Vedanta?

Read Next Article

United Drilling Tools re-appoints two independent directors

1 min read Updated on 26 Jun 2026, 05:20 AM

Reviewed by

Anirudha BScanX News Team

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United Drilling Tools Ltd has re-appointed Ved Prakash Mahawar and Preet Verma as Non-Executive Independent Directors for a second term effective June 25, 2026, to June 24, 2031. The re-appointments follow member approval through a postal ballot and were disclosed to BSE and NSE under Regulation 30 of SEBI LODR Regulations.

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United Drilling Tools Ltd has re-appointed Ved Prakash Mahawar and Preet Verma as Non-Executive Independent Directors for a second term. The appointments are effective from June 25, 2026, for a period of five consecutive years concluding on June 24, 2031. This decision follows the approval of the company's members through a postal ballot process.

The company disclosed the re-appointments pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was submitted to BSE Limited and the National Stock Exchange of India Ltd. The directors bring extensive experience in petroleum products and audit services respectively.

Director Profiles

The following table outlines the details of the re-appointed directors:

Sr. No.	Particular	Ved Prakash Mahawar	Preet Verma
1.	Name of Director	Mr. Ved Prakash Mahawar	Mrs. Preet Verma
2.	Reason for change	Re-appointment	Re-appointment
3.	Date of appointment & term	June 25, 2026 to June 24, 2031	June 25, 2026 to June 24, 2031
4.	Brief Profile	45 years experience in petroleum product manufacturing and oil and gas equipment use.	Experience with Indian Audit and Accounts Services, Director of Audit (CAG), United Nations, and COO of Tech Mahindra Foundation.
5.	Relationship with other Board members	No relation	No relation

Regulatory Disclosures

The company confirmed that neither director is debarred from holding the office of director by any order issued by SEBI or other competent authorities. This disclosure aligns with requirements set forth in BSE and NSE circulars dated June 20, 2018. The re-appointments ensure continuity in the board's governance structure.

Historical Stock Returns for United Drilling Tools