United Drilling Tools Secures Rs. 57 Lakh Order from ADIL Group
Filing Summary
United Drilling Tools Ltd has received a domestic order from Aadyashree Drilling International Private Limited for the supply of downhole tools, including stabilizers and accessories. The order is valued at approximately Rs. 57 lakh and is expected to be executed within 1.5 to 2 months. This transaction is conducted in the ordinary course of business and does not involve any related party transactions. The order highlights United Drilling Tools’ ongoing operations in the oil drilling equipment manufacturing and services sector.
United Drilling Tools Ltd has announced the receipt of a domestic order from Aadyashree Drilling International Private Limited. The order involves the supply of downhole tools, specifically stabilizers and related accessories. This transaction is valued at approximately Rs. 57 lakh and is expected to be completed within a timeframe of 1.5 to 2 months.
The order from Aadyashree Drilling International is categorized as a commercial contract and is part of United Drilling Tools’ regular business operations. The company has confirmed that this transaction does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the order.
The order is conducted under the guidelines of Regulation 30, as per the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has adhered to the necessary compliance requirements in reporting this development to the relevant stock exchanges.
Aadyashree Drilling International Private Limited is involved in the oil and gas sector, focusing on drilling operations. The company engages in the procurement and utilization of specialized equipment to enhance its operational capabilities in the industry.
United Drilling Tools Ltd specializes in the manufacturing and servicing of oil drilling equipment. The company focuses on providing high-quality tools and services to the oil and gas industry, maintaining a strong presence in both domestic and international markets. United Drilling Tools continues to prioritize operational efficiency and customer satisfaction in its business endeavors.