United Drilling Tools Secures ₹4.06 Crore Order from ONGC
United Drilling Tools Limited has received a domestic order from ONGC for the supply of Gas Lift Valves and Side Pocket Mandrels. The estimated contract value is ₹4.06 Crore, with an execution period of 3-4 months.
The order value of ₹4.06 Crore is material for the company and contributes to its business operations, but it is not a transformative amount for a listed entity.
The company has secured a new order, which is generally positive for business growth and revenue.
United Drilling Tools Limited has announced the receipt of a significant domestic order from Oil and Natural Gas Corporation Limited (ONGC).
The order, awarded in the ordinary course of business, is for the supply of Gas Lift Valves and Side Pocket Mandrels, including Orifice Valves.
The estimated contract value for this order is ₹4,05,71,223 (Rupees Four Crores Five Lakh Seventy-One Thousand Two Hundred Twenty-Three Only). The execution period for this contract is stipulated to be between 3 to 4 months.
This order does not involve any interest from promoters, promoter groups, or related parties, and it is not considered a related party transaction. The company has informed the BSE and NSE about this development.
What to do with a filing like this
United Drilling Tools Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by United Drilling Tools Limited. Read the original for the full detail.