United Drilling Tools has won an order from Oil India for the supply of line casing pipe and crossover pipe toltaling to Rs 17.64 crore. The order is scheduled to be fulfilled over a period of approx.five months.
The company clarified that neither the promoter nor the promoter group companies have any interest in the entity that awarded the contract. It also confirmed that the order does not fall under related party transactions.
United Drilling Tools, a leading manufacturer of oil drilling-related equipment has obtained global quality standards for its major products. Oil India is engaged in exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of LPG. It also provides various E&P-related services for oil blocks.