Mumbai, Aug. 21 -- The order has been placed in the ordinary course of business. As part of the contract, the company will supply casing pipes with multi-start connectors (Leopard model). The total estimated value of the contract stands at Rs 5,63,81,071 and the execution is expected to be completed within four months.

The company also clarified that no promoter, promoter group, or group companies have any interest in the awarding entity, and the contract does not qualify as a related party transaction.

United Drilling Tools is a leading manufacturer of oil drilling-related equipment in the country. The company has obtained global quality standards for its major products.

The company's consolidated net profit fell 31.8% to Rs 2.96 cror...