United Drilling Tools Ltd has received a domestic order from Oil and Natural Gas Corporation Limited (ONGC) for the supply of Stabilizer in the ordinary course of business. The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/CMD1/CIR/P/2024/111 dated November 2024.
Order Details
- Entity Awarding Order: Oil and Natural Gas Corporation Limited (ONGC)
- Significant Terms: Supply of Stabilizer
- Entity Type: Domestic Entity
- Nature of Order: Supply of Stabilizer
- Market Type: Domestic
- Execution Timeline: 6 months
- Contract Value: ₹4,78,27,782 (Rupees Four Crore Seventy Eight Lacs Twenty Seven Thousand Seven Hundred Eighty Two Only)
- Related Party Transaction: Confirmed as 'NO'
- Group Company Interest: Not applicable (field left blank in disclosure)
The order does not constitute a related party transaction and is to be executed on an arm's length basis. The company confirms that no group companies have any interest in ONGC.