Upper circuit alert & Rs 2,500-Rs 2,800 million order book: Casing pipes company bags a Rs 1,075.47 million order from ONGC
The stock is up over 30 per cent from its 52-week low of Rs 184.60 per share.
United Drilling Tools Ltd. (UDTL) has announced a significant order from Oil and Natural Gas Corporation (ONGC) Limited, one of India's leading Public Sector Undertakings in the oil and gas sector. This order, valued at Rs 1075.47 million (including GST), is for the supply of Large Outer Diameter (OD) casing pipes with connectors. The fulfilment of this order is scheduled over approximately 9 months. With this new addition, UDTL's total order book has now grown to an estimated Rs 2500–2800 million, reflecting continued client confidence in their capabilities.
This prestigious order not only strengthens UDTL's partnership with ONGC but also validates the company's stringent quality standards and customer-focused approach. ONGC's repeated selection of UDTL underscores the deep trust and satisfaction derived from UDTL's consistent delivery of high-performance products and reliable services. UDTL emphasizes that customer satisfaction is a core value, driving their operations and building confidence through a history of technical reliability and superior product performance.
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About the Company
Established in 1985 in Noida, Uttar Pradesh, United Drilling Tools Ltd (UDTL) is a prominent manufacturer specialising in large OD casing pipes with connectors, wireline and well service equipment, gas lift equipment, and downhole tools. UDTL is committed to providing high-quality, competitively priced products that adhere to international ISO and API standards, continuously focusing on improvement and innovation. The company currently holds 32 registered trademarks (24 in India, 8 internationally) and 14 design patents (9 in India, 5 in the UK), with 8 additional patents already received in India.
The 52-Week High is Rs 294.90 and the 52-Week Low is Rs 184.60. United Drilling Tools Ltd has a market capitalisation of Rs 493.5 crore. On Monday, shares of United Drilling Tools Ltd hit a 20 per cent upper circuit to Rs 243.05 per share from its previous closing of Rs 202.50 per share with a spurt in volume by more than 15 times on the BSE. The stock is up over 30 per cent from its 52-week low of Rs 184.60 per share.
Disclaimer: The article is for informational purposes only and not investment advice.