United Drilling Tools Limited (UDTL) has announced that it has received an order from Oil and Natural Gas Corporation Limited (ONGC) for the supply of an integral blade stabiliser including accessories. The company stated the contract was awarded by a domestic entity and described the nature of the work as commercial. The announcement was made pursuant to applicable listing regulations and corporate disclosure requirements.

The order requires delivery in four to five months and covers the manufacture and supply of the specified drilling equipment in the ordinary course of business. The estimated contract value is Rs. 50.36 mn, equivalent to Rs. 50,355,686.80, and will be executed under the terms outlined in the communication to exchanges. The company identified the order as domestic and confirmed that it forms part of regular operations.

United Drilling Tools Limited indicated that there is no interest of the promoter or promoter group in the entity that awarded the contract and that the order does not constitute a related party transaction. The company further confirmed that transactions will be carried out on an arm's length basis and within standard commercial terms. Execution of the order will follow internal controls and compliance processes required for listed entities.

The disclosure was submitted to the stock exchanges for information and record and was signed by the company secretary on behalf of the board. Contact details and corporate office information were provided in the filing for further correspondence. The company reaffirmed that the receipt of the order is expected to contribute to its operational workload over the contract period. The company noted that timely mobilisation of resources and coordination with suppliers will be undertaken to meet the delivery schedule while maintaining quality and regulatory compliance throughout the execution phase and will monitor progress through established reporting mechanisms to the management and stakeholders.