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United Drilling Tools Receives US Order For Gas Lift Mandrel
ECONOMY & POLICY

United Drilling Tools Receives US Order For Gas Lift Mandrel

United Drilling Tools Limited said it has received an order from Tri Lift Services Inc of the United States for the supply of a gas lift mandrel to be used in the oil and gas industry. The company said the disclosure was made to listing authorities under the Securities and Exchange Board of India listing rules and the SEBI master circular of November 2024. The notice set out the nature of the contract as commercial and awarded by an international entity.

The order is to be executed in the ordinary course of business and carries an estimated contract value of Rs four point eight three million (mn). The firm indicated that the manufacturing and supply work is expected to be completed within four to five months. The item to be supplied was described as a gas lift mandrel, a component used in well completion and artificial lift systems in oil and gas operations.

The company clarified that the promoter group or related parties have no interest in the contracting entity and that the contract does not constitute a related party transaction. The filing recorded that the contract would be performed at arm's length and that standard commercial terms apply. The announcement follows internal corporate compliance procedures and was submitted to both the Bombay Stock Exchange and the National Stock Exchange.

The board filing was signed and submitted by the company secretary, Anand Kumar Mishra, as part of routine disclosure obligations. The company provided its registered and head office addresses and contact information in the filing for administrative purposes. This notification is limited to the terms disclosed and does not represent a forecast of future orders or revenue.

United Drilling Tools Limited said it has received an order from Tri Lift Services Inc of the United States for the supply of a gas lift mandrel to be used in the oil and gas industry. The company said the disclosure was made to listing authorities under the Securities and Exchange Board of India listing rules and the SEBI master circular of November 2024. The notice set out the nature of the contract as commercial and awarded by an international entity. The order is to be executed in the ordinary course of business and carries an estimated contract value of Rs four point eight three million (mn). The firm indicated that the manufacturing and supply work is expected to be completed within four to five months. The item to be supplied was described as a gas lift mandrel, a component used in well completion and artificial lift systems in oil and gas operations. The company clarified that the promoter group or related parties have no interest in the contracting entity and that the contract does not constitute a related party transaction. The filing recorded that the contract would be performed at arm's length and that standard commercial terms apply. The announcement follows internal corporate compliance procedures and was submitted to both the Bombay Stock Exchange and the National Stock Exchange. The board filing was signed and submitted by the company secretary, Anand Kumar Mishra, as part of routine disclosure obligations. The company provided its registered and head office addresses and contact information in the filing for administrative purposes. This notification is limited to the terms disclosed and does not represent a forecast of future orders or revenue.

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