United Drilling Tools Ltd secures Order from Vedanta Limited

United Drilling Tools Ltd. (UDTL) (BSE - 522014, NSE - UNIDT), a leading manufacturer and prominent supplier in India of specialized, high-technology equipment for the oil and gas sector, is pleased to announce that it has secured a new order from Vedanta Limited, a major private sector company in the oil and gas industry, for the supply of Critical Oilfield Equipment such as Tubing, Pup Joints and crossovers and the order valued at INR 31.66 MN.

Under the terms of the contract, UDTL will supply a range of essential oilfield components, including tubing, pup joints, and crossovers-each playing a vital role in oil and gas production operations.

Tubing is primarily used for the extraction of oil and gas from the well and is distinct from casing pipes, which are installed to stabilize the wellbore. Tubing is typically installed within the casing string to facilitate efficient hydrocarbon flow to the surface. Pup joints are shorter sections of tubing used to adjust and maintain the required length of the tubing string within the well, ensuring precise spacing and alignment. Crossovers are specialized connectors designed to join tubing sections with different thread types or connection standards, enabling compatibility across various components used in drilling and production systems.

This order further reinforces UDTL's strong positioning as a trusted and prominent domestic supplier of high-quality drilling and production equipment. The company's advanced manufacturing capabilities, technical expertise, and commitment to stringent quality standards continue to drive its growth and strengthen relationships with key industry players.

The order is expected to be executed within 3-4 months, in accordance with Vedanta's specifications and stringent quality standards.

Commenting on the order awarded, Shri Govind Sharma, GM-Global Sales and Marketing said that "We are pleased to receive this order from Vedanta Limited, which reflects their confidence in our capabilities and product quality. As one of India's prominent manufacturers of these high-technology products, we remain committed to supporting the energy sector with reliable and efficient solutions."

UDTL remains focused on delivering excellence through engineering innovation, robust manufacturing processes, and timely execution. The company continues to expand its footprint across domestic and international markets.

Shares of United Drilling Tools Limited was last trading in BSE at Rs. 216.35 as compared to the previous close of Rs. 214.85. The total number of shares traded during the day was 3914 in over 446 trades.

The stock hit an intraday high of Rs. 217.50 and intraday low of 211.95. The net turnover during the day was Rs. 843209.00.

Source : Equity Bulls

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