Oil & Gas Drilling Tools & Equipment Company Bags Overseas Order Worth Rs 21.94 Million From Petroleum Equipment & Supplies FZE
The 52-Week High is Rs 294.90 and the 52-Week Low is Rs 185.05.
United Drilling Tools Ltd (UDTL) has secured a significant order valued at approximately Rs 21.94 million from Petroleum Equipment & Supplies FZE, an affiliate of Schlumberger based in the UAE. This order entails the supply of Large OD Casing Pipe and Leopard Connectors, high-performance products crucial for preventing wellbore collapse, separating fluids, and ensuring safe drilling operations for oil companies. The delivery of these components to Uzbekistan is scheduled over the next four months, highlighting UDTL's commitment to reliable service and meeting the diverse needs of its global clientele. This achievement underscores the durability, technological excellence, and increasing global acceptance of UDTL's offerings.
This recent order marks a significant milestone in UDTL's ongoing growth and strengthens its expanding presence in the international oil and gas market. The company has demonstrated remarkable growth in both domestic and international orders, successfully establishing its footprint in key regions such as the Middle East, Africa, and Central Asia. This impressive expansion is a direct outcome of UDTL's consistent focus on innovation, customer satisfaction, and continuous improvement in its products and services. With a strategic emphasis on advancing technology and broadening its market reach, UDTL is well-positioned for even greater success in the future.
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About the Company
Established in 1985 and headquartered in Noida, Uttar Pradesh, India, UNITED DRILLING TOOLS LTD (UDTL) stands as a prominent manufacturer specialising in a wide array of oilfield equipment, including large OD casing pipe with connectors, wireline and well service equipment, gas lift equipment, and downhole tools. UDTL prides itself on delivering reliable, high-quality products designed and manufactured in accordance with international ISO and API standards, all while maintaining competitive pricing. Driven by a commitment to continuous improvement and innovation, UDTL's dedication to quality is further evidenced by its impressive portfolio of 32 registered trademarks across India and other countries, along with 14 design patents, primarily in India and the UK, and 8 granted patents in India.
The 52-Week High is Rs 294.90 and the 52-Week Low is Rs 185.05. United Drilling Tools Ltd has a market capitalisation of Rs 446 crore. The stock has delivered a 1-year return of down 22 per cent and a 3-year return of negative 60 per cent. The Price-Earnings (PE) Ratio stands at 31. Major public shareholders include Cairn Oil Solutions Pvt Ltd with a 2.75 per cent stake and Shashank S Khade holding 1.18 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.