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 repeat order from Vedanta Limited, one of India's leading private sector oil and gas companies, for the supply of Critical Oilfield Equipment such as Tubing, Pup Joints and Crossovers and the order valued at INR 38.86 MN.

This repeat order follows the successful execution of an earlier contract for the same category of products and reflects Vedanta Limited's continued confidence in UDTL's manufacturing capabilities, product quality, and reliable execution. The repeat business reinforces UDTL's position as a trusted long-term partner for the supply of critical oilfield equipment to leading energy companies.

Under the terms of the contract, UDTL will manufacture and supply a range of essential oilfield components, including tubing, pup joints, and crossovers, which are integral to oil and gas production operations.

The order is scheduled to be executed within 24 weeks, in accordance with Vedanta Limited's technical specifications and stringent quality standards.

Commenting on the repeat order, Shri Govind Sharma, GM-Global Sales and Marketing said that "We are delighted to receive this repeat order from Vedanta Limited. Repeat business is the strongest endorsement of a company's quality, reliability, and execution capabilities. It reflects the trust our customer has placed in UDTL and reinforces our commitment to consistently delivering world-class products and services. We value our long-standing relationship with Vedanta and look forward to further strengthening this partnership in the years ahead."

This order further demonstrates UDTL's strong market position as one of India's prominent manufacturers of high-technology drilling and production equipment. The Company's continued focus on engineering excellence, advanced manufacturing capabilities, and timely delivery has enabled it to build enduring relationships with leading domestic and international oil and gas companies.

Shares of United Drilling Tools Limited was last trading in BSE at Rs. 217.00 as compared to the previous close of Rs. 216.50. The total number of shares traded during the day was 288 in over 9 trades.

The stock hit an intraday high of Rs. 219.50 and intraday low of 212.00. The net turnover during the day was Rs. 61556.00.

Source : Equity Bulls

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