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United Drilling bags Rs 180mn Order from Oil India

United Drilling Tools has secured a significant order from Oil India for the supply of line casing pipe and crossover pipe totaling to Rs 176.4 million.

The order is scheduled to be fulfilled over a period of approximately 5 Months.

Commenting on the development, the chief financial officer said, We look forward to further strengthening our partnership with Oil India, as well as expanding our relationships with both Indian and international customers.

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.

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