United Drilling Tools Secures Rs.13.73 Cr Order from Oil India; Stock Rises 5%

Summary:

United Drilling Tools Ltd. (UDTL) has received an order worth Rs.13.73 crore (Rs.137.36 million) from Oil India Limited (OIL) for the supply of a Heavy-Duty Truck-Mounted Dual Drum Hydraulic Wireline Unit with PTO (Power Take-Off). These specialized units will be used for complex down-hole operations in oil and gas wells. The order is expected to be delivered within 4-6 months.

Stock Performance:

  • Following the announcement, UDTL’s stock surged over 5%, reaching an intraday high of Rs.227.20.
  • Market Cap : Rs.453.82 Cr.

Key Data Points:
  • Client: Oil India Limited (OIL)
  • Order Value: Rs.13.73 crore (Rs.137.36 million)
  • Product Supplied: Heavy-Duty Truck-Mounted Dual Drum Hydraulic Wireline Unit with PTO
  • Application: Down-hole operations in oil & gas wells
  • Delivery Timeline: 4-6 months

About the Company: 

Incorporated in 1985, based out of Noida, Uttar Pradesh, India, UDTL is a leading Manufacturer of large OD casing pipe with connector, Wireline & well service equipment, Gas lift equipment and Downhole Tools. As of today UDTL has 32 registered Trademarks, out of which 24 are registered in India & rest 08 are registered in other Countries.

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