Stock Report

United Drilling Tools Ltd awarded Order by ONGC

Posted On : 2026-04-20 22:37:44( TIMEZONE : IST )

United Drilling Tools Ltd. (UDTL) (BSE - 522014, NSE - UNIDT) has secured a significant order from Oil and Natural Gas Corporation (ONGC) Limited, one of India's most respected Public Sector Undertakings (PSUs) in the oil and gas sector, for the supply of Intergal Bade Stabilizer and the order valued at INR 50.30 MN.

Under the terms of the contract, the Company will supply high-performance Integral Blade Stabilizers, which play a critical role in drilling operations by ensuring superior directional control, minimizing vibration, reducing tool wear, and enhancing overall drilling efficiency and wellbore quality.

The Company is among the few manufacturers in India with the capability to produce such high-technology products. Its Integral Blade Stabilizers are engineered with advanced design precision and metallurgical strength, offering high durability, optimal balance, and consistent performance under demanding drilling conditions. This technical proficiency enables improved rate of penetration (ROP) and extended tool life, contributing to cost-effective and efficient drilling operations.

This order further reinforces the Company's established track record of delivering reliable products for the oil and gas industry. The continued trust placed by public sector undertakings (PSUs), including ONGC, reflects sustained confidence in the Company's product quality, engineering excellence, and execution capabilities.

The order is expected to be executed within 4-5 months, in accordance with ONGC's specifications and stringent quality standards.

Commenting on the order awarded, Shri Jyoti Kumar, GM-Sales and Marketing said that "We are pleased to receive this order from ONGC. This win highlights our technical expertise in manufacturing high-performance stabilizers and reinforces our commitment to delivering reliable and efficient oilfield solutions. We value the continued confidence shown by leading PSUs in our products and capabilities."

UDTL remains focused on strengthening its presence in the oil and gas sector by providing innovative, efficient, and cost-effective solutions.

Shares of United Drilling Tools Limited was last trading in BSE at Rs. 208.30 as compared to the previous close of Rs. 212.45. The total number of shares traded during the day was 1391 in over 95 trades.

The stock hit an intraday high of Rs. 216.00 and intraday low of 207.20. The net turnover during the day was Rs. 292425.00.