Order Details
United Drilling Tools Ltd has received an export order from M/s Argentera Oil and Gas, Brazil in the ordinary course of business. The specific details are:
- Awarding Entity: Argentera Oil and Gas, Brazil
- Product: Supply of Casing Pipe with multi-start Connector
- End Customer: Products are destined for Petrobras through Argentera Oil and Gas
- Order Type: International export order
- Execution Timeline: 3-4 months from receipt
- Contract Value: ₹87,00,747 (Rupees Eighty Seven Lacs Seven Hundred Forty Seven only)
- Related Party Status: No - promoter/promoter group/group companies have no interest in the awarding entity
- Arm's Length Transaction: Yes - does not fall under related party transactions
Business Context
The order represents international business expansion in the oil drilling equipment manufacturing sector, specifically serving the Brazilian oil and gas market through Argentera Oil and Gas as an intermediary to Petrobras.