United Drilling Tools Limited has secured a significant domestic order worth ₹4.06 crores from Oil and Natural Gas Corporation Limited (ONGC). The company will supply gas lift valves and side pocket mandrels, with the order scheduled for execution within 3-4 months.

Contract Overview

The contract involves the supply of specialized oil drilling equipment in the ordinary course of business. The order represents a substantial addition to the company's order book and demonstrates continued demand for drilling infrastructure equipment.

Product Specifications

The order encompasses the supply of critical drilling equipment components essential for oil and gas extraction operations:

These products are vital components in ONGC's drilling infrastructure, reflecting the corporation's continued investment in equipment modernization and operational efficiency.

Regulatory Compliance

United Drilling Tools Limited has fulfilled its disclosure obligations under the regulatory framework. The company confirmed that this order does not involve any related party transactions, as the promoter/promoter group companies have no interest in ONGC. The transaction is conducted at arm's length in the normal course of business operations.

Business Impact

This latest contract reinforces United Drilling Tools Limited's position as a reliable supplier to major oil and gas corporations in India's energy sector. The company operates from its headquarters in Noida, Uttar Pradesh, with its registered office in New Delhi, serving the oil drilling equipment manufacturing and services sector.

United Drilling Tools Limited has secured a significant export order worth ₹3.27 crores from Weafri Well Services Company, Nigeria. The company announced this development through a regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Order Details and Specifications

The export order encompasses the supply of Wireline Winch equipment, including Power Pack components, in the ordinary course of business. The contract represents a substantial addition to the company's order book and reinforces its presence in international markets.

Contract Terms and Timeline

The order involves the supply of specialized oil drilling equipment to the Nigerian entity within a 3-month execution period. This timeline indicates the company's capability to deliver complex drilling equipment within compressed schedules, demonstrating operational efficiency in its manufacturing processes.

Corporate Governance Compliance

United Drilling Tools Limited has confirmed full compliance with regulatory requirements regarding the order. The company has disclosed that neither promoters nor promoter group companies have any interest in Weafri Well Services Company, the entity awarding the contract.

Business Impact

This export order reinforces United Drilling Tools Limited's position in the international oil drilling equipment market, particularly in the African region. The contract value of ₹3.27 crores represents a meaningful addition to the company's revenue pipeline and demonstrates continued demand for its specialized drilling equipment in global markets.

The successful securing of this international order reflects the company's manufacturing capabilities and its ability to meet the technical specifications required by international clients in the oil and gas sector.