United Drilling Tools Secures Rs. 3 Crore Order from Nigeria
Filing Summary
United Drilling Tools Ltd has received an export order from M/s Weafri Well Services Company in Nigeria. The order involves the supply of Wireline Winch, including a Power Pack, and is valued at approximately Rs. 3 Crore. This international commercial contract is expected to be executed within three months. The company confirms that there is no interest from the promoter group in the entity awarding the contract, and it does not constitute a related party transaction.
United Drilling Tools Ltd has announced the receipt of an export order from M/s Weafri Well Services Company in Nigeria. The order pertains to the supply of Wireline Winch and includes a Power Pack. The transaction is valued at an estimated Rs. 3,26,88,550. This order is classified as an international commercial contract.
The order is expected to be executed within a period of three months. United Drilling Tools has confirmed that there is no interest from the promoter or promoter group in the entity awarding the contract. Additionally, the transaction does not fall under related party transactions.
The order was disclosed in compliance with Regulation 30, read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has adhered to the necessary disclosure requirements as per the SEBI Master Circular dated November 2024.
Weafri Well Services Company is involved in providing well services in the oil and gas sector. The company focuses on delivering specialized equipment and services to support drilling operations.
United Drilling Tools Ltd specializes in the manufacturing and servicing of oil drilling equipment. The company focuses on expanding its international presence and enhancing its product offerings in the oil and gas sector.