United Drilling Tools Ltd secures order from ONGC

United Drilling Tools Ltd. (UDTL) (BSE - 522014, NSE - UNIDT) is delighted to announce that it 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 Large Outer Diameter (OD) casing pipes with connector and the order valued at INR 1075.47 MN (including GST) which scheduled to be fulfilled over a period of approximately 9 (Nine) Months.

With the addition of this significant order, our total order book size has now grown to approximately INR 2500-2800 MN. This development reflects the continued confidence our clients place in our capabilities and reaffirms our strong position in the market.

This prestigious order is not only a reaffirmation of UDTL's strong partnership with ONGC but also a clear endorsement of the Company's stringent quality standards, and customer-focused approach. ONGC's repeated selection of UDTL over the years is a authentication to the deep trust and satisfaction that the Company has consistently delivered through its high-performance products and dependable services.

At UDTL, customer satisfaction is not just a goal-it is a fundamental value that drives every aspect of our operations. This latest order is a reflection of the confidence our customers place in us, built through a history of consistent delivery, superior product performance, and technical reliability.

Commenting on the order awarded, Shri Manoj Kumar Arora, Chief Financial Officer of the Company said that we are honoured to receive yet another important order from ONGC, which reinforces the confidence they continue to place in UDTL's capabilities and reflects our firm focus on excellence and our positive approach toward meeting the evolving needs of the oil and gas sector as, we remain committed to delivering high value technical products, cutting-edge oilfield solutions for our customers.

With a proactive and forward-looking outlook, UDTL continues to expand its presence in both domestic and international markets, delivering world-class oilfield equipment to clients across India, the Middle East, Southeast Asia and parts of Africa. The growing global recognition of UDTL's brand speaks volumes about the trust, performance, and satisfaction experienced by its international clientele.

Powered by advanced manufacturing infrastructure, robust R&D, and a skilled technical team, UDTL is well-positioned to capitalize on future opportunities, support India's energy mission, and contribute to global oil and gas development with confidence, commitment, and innovation.

This new order not only reinforces UDTL's leadership in the industry but also serves as a positive step forward in its vision to be recognized globally as a trusted and preferred partner in the oilfield equipment manufacturing sector.

Shares of United Drilling Tools Limited was last trading in BSE at Rs. 202.55 as compared to the previous close of Rs. 206.05. The total number of shares traded during the day was 1282 in over 73 trades.

The stock hit an intraday high of Rs. 208.00 and intraday low of 201.90. The net turnover during the day was Rs. 260703.00.

Source : Equity Bulls

Keywords

UnitedDrillingTools INE961D01019 OrderWin ONGC