United Drilling Tools Receives Repeat Export Order From Russia
ECONOMY & POLICY

United Drilling Tools Receives Repeat Export Order From Russia

United Drilling Tools has received a repeat export order from Trident East of Russia for the supply of the Puma Connector and associated accessories used in the oil and gas industry. The company notified the stock exchanges pursuant to listing obligations and the relevant SEBI master circular, describing the transaction as a commercial international order awarded in the ordinary course of business. The filing identified the security identifiers and stated that the order was placed by an international entity.

The order covers the supply of Puma Connector assemblies together with accessories customised for drilling operations and is to be executed over a period of five to six months. The company reported the estimated contract value as Rs 9.31 million (mn), equivalent to Rs 9,307,245, and indicated that delivery and execution will follow standard commercial terms. The procurement is described as a standalone contract rather than a related party transaction.

The disclosure specified that neither the promoter nor promoter group has any interest in the contracting entity and that the contract will not constitute a related party transaction. United Drilling Tools Limited confirmed that the contract will be transacted on an arm's length basis under its existing export procedures. The repeat nature of the order was presented as a continuation of existing commercial engagement with the Russian buyer.

The company secretary, Anand Kumar Mishra, submitted the compliant filing to the exchanges and recorded the details in the corporate records. United Drilling Tools Limited said it will provide updates to the exchanges if there are material changes to the contract value or schedule. The firm reaffirmed that the transaction falls within its core activities of manufacturing and supplying oil drilling equipment and services.

United Drilling Tools has received a repeat export order from Trident East of Russia for the supply of the Puma Connector and associated accessories used in the oil and gas industry. The company notified the stock exchanges pursuant to listing obligations and the relevant SEBI master circular, describing the transaction as a commercial international order awarded in the ordinary course of business. The filing identified the security identifiers and stated that the order was placed by an international entity. The order covers the supply of Puma Connector assemblies together with accessories customised for drilling operations and is to be executed over a period of five to six months. The company reported the estimated contract value as Rs 9.31 million (mn), equivalent to Rs 9,307,245, and indicated that delivery and execution will follow standard commercial terms. The procurement is described as a standalone contract rather than a related party transaction. The disclosure specified that neither the promoter nor promoter group has any interest in the contracting entity and that the contract will not constitute a related party transaction. United Drilling Tools Limited confirmed that the contract will be transacted on an arm's length basis under its existing export procedures. The repeat nature of the order was presented as a continuation of existing commercial engagement with the Russian buyer. The company secretary, Anand Kumar Mishra, submitted the compliant filing to the exchanges and recorded the details in the corporate records. United Drilling Tools Limited said it will provide updates to the exchanges if there are material changes to the contract value or schedule. The firm reaffirmed that the transaction falls within its core activities of manufacturing and supplying oil drilling equipment and services.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD, NaBFID Partner to Fund Rural Infrastructure

The National Bank for Agriculture and Rural Development (NABARD) and the National Bank for Financing Infrastructure and Development (NaBFID) have signed a Memorandum of Understanding (MoU) to collaborate on financing infrastructure projects with significant rural impact.The partnership combines NABARD’s expertise in rural and agricultural infrastructure with NaBFID’s specialised infrastructure financing capabilities. It will focus on joint financing, knowledge sharing and developing financing solutions to improve access to long-term, competitively priced capital for rural infrastructure an..

Next Story
Infrastructure Energy

Advait Energy Wins Rs 1.34 Billion MPPTCL Order

Advait Energy Transitions (AETL) has secured a Rs 1.34 billion turnkey contract from Madhya Pradesh Power Transmission Co. Ltd. (MPPTCL) for the design, manufacturing and supply of Emergency Restoration Systems (ERS) for 400kV, 220kV and 132kV EHV transmission lines.The order, received against Tender No. TR-23/2025 on August 25, 2026, will be executed over 18 months. The contract value, inclusive of taxes, covers the complete ERS along with the required accessories.Emergency Restoration Systems are used to restore transmission infrastructure following disruptions, helping maintain continuity a..

Next Story
Real Estate

Gradiant expands Coimbatore engineering centre

Gradiant has expanded its Global Engineering Center (GEC) in Coimbatore, more than doubling its engineering workforce from approximately 100 to over 200 professionals as it strengthens its global project execution capabilities.The expanded centre will bring together multidisciplinary expertise across process engineering, detailed design and project engineering, enabling the India team to take on greater responsibility for the engineering and design of Gradiant’s international projects.According to Govind Alagappan, COO, Gradiant, Coimbatore’s engineering talent and industrial heritage make..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement