United Drilling Tools Ltd awarded order by Cactus for oil services, Libya

United Drilling Tools Ltd. (UDTL) (BSE - 522014, NSE - UNIDT) is pleased to announce that it has been awarded an order valued at INR 16.14 million by Cactus for Oil Services, a leading engineering solutions provider in the Oil & Gas industry in Libya. This strategic order marks UDTL as it strengthens its presence in the global oil and gas market.

The awarded order pertains to the supply of Injection Pressure Operation Gas Lift Valves and Side Pocket Mandrels, which are critical components for artificial lift systems in oil wells. These components will be delivered over a period of three months.

This Order emphasizes United Drilling Tools Ltd.'s commitment to providing advanced technology and top-tier equipment(s) for the oil and gas sector, meeting the diverse and evolving needs of both Indian and international customers. With a focus on innovation, UDTL continues to lead with its cutting-edge solutions, supporting operations across various geographical markets, including the Asia, Middle East, Africa and beyond.

Commenting on the order book position, Shri Manoj Kumar Arora, Chief Financial Officer of the Company, stated selection of our products by Cactus for Oil Services, underscores the industry's strong confidence in UDTL's high-quality equipment's. We are optimistic about the opportunities ahead and look forward to significantly expanding our business in overseas markets.

As part of its vision to continually enhance customer relationships, UDTL is committed to delivering world-class products and services that precisely align with the evolving needs of the oil and gas sector and consistently attempts to exceed customer expectations, supporting the growth and success of its clients in the everchanging energy landscape.

Shares of United Drilling Tools Limited was last trading in BSE at Rs. 207.55 as compared to the previous close of Rs. 210.75. The total number of shares traded during the day was 1710 in over 85 trades.

The stock hit an intraday high of Rs. 216.80 and intraday low of 204.55. The net turnover during the day was Rs. 358377.00.

Source : Equity Bulls

Keywords

UnitedDrillingTools INE961D01019 UNIDT UDTL OrderWin Cactus OilServices Libya