United Drilling Tools Wins Order From Baker Hughes Singapore
ECONOMY & POLICY

United Drilling Tools Wins Order From Baker Hughes Singapore

United Drilling Tools (UDT) has received an order from Baker Hughes Singapore Pte for the supply of winch accessories used in the oil and gas industry. The company said the order was received in the ordinary course of business and is commercial in nature. The contract is to be executed within 30 days. United Drilling Tools Limited manufactures oil drilling equipment and provides related services from its registered offices in Noida and New Delhi.

The estimated contract value is Rs 1.16 million (mn), equivalent to Rs 11,57,846 as disclosed by the company. The sum represents the full consideration for the supply of the specified accessories. The amount is presented to clarify the contract scale.

The order was awarded by Baker Hughes Singapore Pte, an international entity, and the company indicated that the supply will be carried out domestically. The supply relates to winch accessories that form part of oilfield equipment and services the firm manufactures. The winch accessories form part of routine supply lines for wellsite operations and are integral to hoisting and handling systems.

There is no interest of the promoter or promoter group in the entity that awarded the contract and the company confirmed that the arrangement does not constitute a related party transaction. The filing noted that disclosures were made pursuant to Regulation 30 read with Schedule III of the SEBI listing obligations and disclosure requirements. The company indicated that the transaction will be executed on commercial terms and that related party provisions do not apply.

The company submitted the information to the stock exchanges on 10 July 2026 through its company secretary and said it will proceed with execution in line with applicable compliance and governance frameworks. Further operational details were summarised in the exchange filing. The filing was certified by the company secretary, Anand Kumar Mishra, FCS-7207. The company indicated it will complete the contractual obligations within the stipulated period.

United Drilling Tools (UDT) has received an order from Baker Hughes Singapore Pte for the supply of winch accessories used in the oil and gas industry. The company said the order was received in the ordinary course of business and is commercial in nature. The contract is to be executed within 30 days. United Drilling Tools Limited manufactures oil drilling equipment and provides related services from its registered offices in Noida and New Delhi. The estimated contract value is Rs 1.16 million (mn), equivalent to Rs 11,57,846 as disclosed by the company. The sum represents the full consideration for the supply of the specified accessories. The amount is presented to clarify the contract scale. The order was awarded by Baker Hughes Singapore Pte, an international entity, and the company indicated that the supply will be carried out domestically. The supply relates to winch accessories that form part of oilfield equipment and services the firm manufactures. The winch accessories form part of routine supply lines for wellsite operations and are integral to hoisting and handling systems. There is no interest of the promoter or promoter group in the entity that awarded the contract and the company confirmed that the arrangement does not constitute a related party transaction. The filing noted that disclosures were made pursuant to Regulation 30 read with Schedule III of the SEBI listing obligations and disclosure requirements. The company indicated that the transaction will be executed on commercial terms and that related party provisions do not apply. The company submitted the information to the stock exchanges on 10 July 2026 through its company secretary and said it will proceed with execution in line with applicable compliance and governance frameworks. Further operational details were summarised in the exchange filing. The filing was certified by the company secretary, Anand Kumar Mishra, FCS-7207. The company indicated it will complete the contractual obligations within the stipulated period.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code