United Drilling Tools Ltd awarded Prestigious Order by Oil India Limited

United Drilling Tools Ltd. (UDTL) (BSE - 522014, NSE - UNIDT) is pleased to announce that it has been awarded a order worth INR 137.36 MN from OIL INDIA LIMITED (OIL), one of India's premier public sector undertakings and a key player in the exploration, development, and production of crude oil and natural gas in India.

The awarded order involves the supply of a Heavy-Duty Truck-Mounted Dual Drum Hydraulic Wireline Unit with PTO (Power Take-Off). The procurement of these Winches equipped with Zone 2 Power Packs and specialized electrical systems is a significant step forward. These winches are designed to operate safely in hazardous environments, whereas oil wells with potential explosive gas leaks.

These specialized units will be used for executing complex down-hole operations in oil and gas wells of Oil India Limited and will be delivered over a period of 4-6 months.

UDTL is the only Company who has successfully developed advanced technology and established robust manufacturing capabilities. This achievement not only highlights their expertise in producing specialized equipment, such as winches and other oilfield tools, but also aligns with the vision of enhancing domestic production under the "Make in India" initiative.

This order marks another milestone in the long-standing relationship between United Drilling Tools Ltd. and Oil India Limited, reaffirming UDTL's position as a trusted provider of advanced technology and equipment for the oil and gas sector. Over the years, UDTL has built a strong and enduring relationship with both Indian and international customers, consistently delivering top-tier equipment, products, and services to support their operations.

Commenting on the order book position, Shri Manoj Kumar Arora, Chief Financial Officer of the Company, stated this order further reinforces Oil India Limited's trust in our quality, technical expertise, and commitment to providing cutting-edge solutions for the oil and gas industry. We look forward to continuing our long-standing partnership and contributing to customers success with our reliable, high-performance equipment."

UDTL continues to strengthen its leadership position in the industry by offering a wide range of reliable, high-quality, and efficient equipment that meets the evolving needs of the energy sector. With a strong commitment to innovation, technological advancement, and customer satisfaction, UDTL remains a trusted partner for energy Companies.

Shares of United Drilling Tools Limited was last trading in BSE at Rs. 215.85 as compared to the previous close of Rs. 220.35. The total number of shares traded during the day was 952 in over 71 trades.

The stock hit an intraday high of Rs. 222.90 and intraday low of 215.00. The net turnover during the day was Rs. 207665.00.

Source : Equity Bulls

Keywords

UnitedDrillingTools INE961D01019 OrderWin OILIndia