United Drilling Tools Ltd awarded Overseas Order worth Rs. 21.94 Mn

United Drilling Tools Ltd. (UDTL) (BSE - 522014, NSE - UNIDT) is excited to announce that it has been awarded an order valued at approximately INR 21.94 million for supply of Large OD Casing Pipe and Leopard Connectors, by M/s Petroleum Equipment & Supplies FZE, (AN_AFFILIATE OF SCHLUMBERGER ) a petroleum equipment and engineering solutions provider Company based in the United Arab Emirates, which is intended for delivery to Uzbekistan and this marks a significant milestone in UDTL's continued growth and solidifies the Company's expanding presence in the global oil and gas market.

The awarded order for Large OD Casing Pipe and Leopard Connectors, a highperformance products are designed to prevent wellbore collapse, separate different layers of fluids, and ensure safe, reliable drilling operations by oil Companies. The delivery of these components will be made over a period of four months, reinforcing UDTL's reliable service and commitment to meet the diverse needs of its global clientele and the durability, technological excellence, and global acceptance of UDTL's products.

UDTL has experienced remarkable growth in both domestic and international orders, successfully expanding its footprint in key oil and gas markets. The Company has established presence in regions such as the Middle East, Africa, and Central Asia, reflecting its growing influence in the global energy sector. This impressive growth is a direct result of UDTL's unwavering commitment to innovation, customer satisfaction, and continuous improvement in its products and services. As the Company continues to strengthen its global presence, UDTL is poised for even greater achievements in the years ahead, with a strategic focus on advancing technology and expanding its market reach.

Commenting on the order awarded, Shri Manoj Kumar Arora, Chief Financial Officer of the Company: We are extremely pleased to have received this significant order from M/s Petroleum Equipment & Supplies FZE, Affilate of Sclumberger. This order underscores the growing demand for UDTL's durable and technologically advanced products in international markets. It serves as a strong validation of our commitment to providing reliable, high-performance solutions to the global oil and gas industry. We are confident that this partnership will further enhance UDTL's presence and reputation worldwide.

Shares of United Drilling Tools Limited was last trading in BSE at Rs. 218.80 as compared to the previous close of Rs. 224.05. The total number of shares traded during the day was 1435 in over 257 trades.

The stock hit an intraday high of Rs. 223.90 and intraday low of 216.75. The net turnover during the day was Rs. 313977.00.

Source : Equity Bulls

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