Stock Report

United Drilling Tools Ltd secures order from overseas market - Taiwan

Posted On : 2025-01-14 23:45:06( TIMEZONE : IST )

United Drilling Tools Ltd. (UDTL) (BSE - 522014, NSE - UNIDT) is thrilled to announce the successful securing of its first order from Taiwan worth $ 4,82,444 (Four Lacs Eighty Two Thousand Four Hundred Forty-Four USD) by Magitech International Limited.

This overseas order comprises the supply of Survey Line Winch and Integral Blade Stabilizers, which are critical tools in advanced drilling operations. The delivery of these high-products is scheduled to be completed over a period of six months, aligning with UDTL's commitment to meeting client requirements with efficiency and excellence.

This achievement aligns with the company's vision of contributing to global drilling advancements, while escalation sustainable growth.

Magitech International Limited is a renowned service provider specializing in vertical and horizontal drilling industries, catering to sectors such as oilfield, geothermal, deep water wells, HDD, pipe jacking, micro tunneling, tunneling, and underground pipeline projects across Taiwan, Thailand, and China.

"We are incredibly excited to announce that we have secured our first order from Taiwan," said Mr. Manoj Kumar Arora, Chief Financial Officer of UDTL. "This success is the result of our team's dedication, the thorough market analysis we conducted, and our ability to adapt our offerings to meet local demands. Taiwan is an important market for us, and we are eager to continue growing our footprint in Asia."

The company worked closely with local distributors and partners to ensure that their products align with Taiwan's regulatory standards and consumer preferences.

This order highlights UDTL's expertise and firm focus on delivering superior products that cater to the evolving needs of the global drilling industry and also marks the beginning of a long-term strategy to expand further into the International Market.

UDTL remains committed to innovation and excellence in delivering products andservices that cater to global needs. The company plans to continue expanding its international presence and is currently exploring additional markets to further accelerate growth.

Shares of United Drilling Tools Limited was last trading in BSE at Rs. 247.00 as compared to the previous close of Rs. 236.70. The total number of shares traded during the day was 8799 in over 587 trades.

The stock hit an intraday high of Rs. 269.05 and intraday low of 233.00. The net turnover during the day was Rs. 2199878.00.