United Drilling Tools wins order worth ₹1.61 Cr from Argentera Oil and Gas, Brazil

1 min read     Updated on 25 Jun 2026, 04:15 AM
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Anirudha BScanX News Team
AI Summary

United Drilling Tools Ltd secured a repeat export order worth ₹1.61 crore from Argentera Oil and Gas, Brazil, for supplying Casing Pipes to Petrobras. The order, to be executed in 4-5 months, underscores the company's engineering capabilities and international market presence.

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United Drilling Tools Ltd has secured a repeat export order worth ₹1.61 crore from M/s Argentera Oil and Gas, Brazil, for the supply of Casing Pipe with multi start Connector. The order is associated with Petrobras, a globally recognized leader in the energy sector, and is scheduled to be executed over a period of 4-5 months. This contract reinforces the company's reputation for reliability and performance in demanding international operating environments.

The disclosure was made to the exchanges pursuant to Regulation 30 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 do not have any interest in the entity that awarded the order, and it does not fall within related party transactions.

Management attributed the new order to the confidence leading oil and gas operators place in the company's advanced engineering capabilities, product quality, and timely execution. The company emphasized that its ability to deliver high-performance products meeting international specifications has enabled it to expand its footprint across global markets.

The following table outlines the key details of the order:

Particulars Details
Name of entity awarding the order Argentera Oil and Gas, Brazil
Nature of order Supply of Casing Pipe with multi start Connector
Time period for execution 4-5 Months
Estimated contract value ₹1.61 Cr

Based in Noida, Uttar Pradesh, United Drilling Tools Ltd is a manufacturer of large OD casing pipe with connector, Wireline & well service equipment, Gas lift equipment, and Downhole Tools. The company holds 32 registered Trademarks and 14 Design Patents, with products conforming to ISO & API standards.

Historical Stock Returns for United Drilling Tools

1 Day5 Days1 Month6 Months1 Year5 Years
+0.04%-0.84%-6.35%+8.96%-4.26%-32.93%

How might this repeat order influence United Drilling Tools' future export strategy in the Latin American market?

What is the potential for securing larger contracts from Petrobras or other major operators following this successful execution?

How will the execution of this order impact the company's revenue and profitability in the upcoming fiscal quarters?

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United Drilling Tools confirms no encumbrance on promoter shares

1 min read     Updated on 17 Jun 2026, 01:12 AM
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Reviewed by
Naman SScanX News Team
AI Summary

United Drilling Tools Ltd disclosed that its promoters and persons acting in concert have not created any encumbrance on the 1,51,55,460 equity shares held by them during the financial year ended March 31, 2026. The declaration was submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The confirmation was provided on behalf of the promoter group, including Pramod Kumar Gupta, Kanal Gupta, and Prabha Gupta.

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united drilling tools has confirmed that its promoters and persons acting in concert have not encumbered any of the 1,51,55,460 equity shares held by them during the financial year ended March 31, 2026. This disclosure ensures that the promoter holding remains free from charges such as pledges or liens, which is a key indicator of financial stability for investors.

The declaration was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was made on April 4, 2026, and addressed to the Listing Compliance Departments of BSE Limited and the National Stock Exchange of India Ltd.

The confirmation was provided on behalf of the entire promoter group. The specific entities and individuals on whose behalf the declaration was submitted include Pramod Kumar Gupta and Kanal Gupta from the Promoters Group, and Prabha Gupta, a Promoter. Pramod Kumar Gupta signed the disclosure in his capacity as a Non-Executive Director.

Details of Shareholding

The following table outlines the promoters who submitted the declaration:

Name Category
Pramod Kumar Gupta Promoters Group
Kanal Gupta Promoters Group
Prabha Gupta Promoters

The total number of equity shares held by the promoters, directly or indirectly, stands at 1,51,55,460. The Audit Committee of United Drilling Tools Limited has been marked a copy of this disclosure for its records.

Historical Stock Returns for United Drilling Tools

1 Day5 Days1 Month6 Months1 Year5 Years
+0.04%-0.84%-6.35%+8.96%-4.26%-32.93%

How might the unencumbered status of promoter shares influence investor confidence and stock liquidity in the upcoming fiscal year?

Could this financial stability enable United Drilling Tools to pursue aggressive expansion or acquisition strategies in the near future?

What are the potential risks if the promoters decide to encumber shares in the future, and how would that impact the company's credit profile?

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