+
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
Infrastructure Energy

L&T Delivers 110 Modules for Australia’s Largest Urea Plant

Larsen & Toubro (L&T) has completed the fabrication and delivery of 110 modules for Project CERES, Australia’s largest urea manufacturing plant, marking a significant milestone in the execution of the 2.3 MTPA facility. The project is being developed by Perdaman Chemicals & Fertilisers in Karratha, Western Australia, under the Saipem-Clough Joint Venture. L&T’s scope comprised 47 Pre-assembled Units and 63 Pre-assembled Racks, with the modules weighing approximately 64,000 metric tonnes. Fabricated at the company’s Modular Fabrication Facility at Kattupalli near Chennai, the modules wer..

Next Story
Infrastructure Urban

EPFO Wage Ceiling Raised to Rs 25,000 per Month

The Union Cabinet has approved the proposal to increase the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from Rs 15,000 to Rs 25,000 per month. The move is expected to bring over 51 lakh additional employees under the EPFO social security framework.The revised ceiling will extend access to provident fund savings, pension benefits under the Employees’ Pension Scheme (EPS) and insurance coverage under the Employees’ Deposit Linked Insurance Scheme (EDLI) to a wider section of employees earning between Rs 15,000 and Rs 25,000 per month.The EPFO..

Next Story
Infrastructure Transport

Maharashtra to Get Rs 270 Billion Shipbuilding Cluster

Mazagon Dock Shipbuilders Ltd (MDL) will invest around Rs 27,000 crore to develop a greenfield shipbuilding cluster at Dighi Port in Maharashtra’s Raigad district. The project is expected to create nearly 90,000 employment opportunities, according to the state government.MDL has signed a memorandum of understanding (MoU) with National Shipbuilding and Heavy Industries Park Maharashtra Ltd (NSHIPML) for the development of the project in the presence of Maharashtra Chief Minister Devendra Fadnavis.Under the agreement, MDL aims to establish an annual shipbuilding capacity of at least 2 million ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code