United Drilling Tools Ltd (UDTL) has secured an order worth ₹80.84 million from Oil India Limited for supplying 2000 meters of Large OD Casing Pipe with connector. This equipment will be delivered over a three-month period for Oil India’s Andaman offshore exploration project, which involves drilling deep wells up to 4200 meters in depth.
UDTL’s shares were trading at ₹229.03, down by 1.87 per cent on the NSE at 2.05 pm today. This order reinforces UDTL’s presence in the energy sector in India and underscores its strong relationship with public sector enterprises. The company, based in Noida and established in 1985, specializes in manufacturing oil drilling equipment such as wireline and well service equipment, gas lift equipment, and downhole tools.
UDTL’s Chief Financial Officer, Manoj Kumar Arora, stated that this order showcases the company’s dedication to delivering high-quality products on time. UDTL places a strong emphasis on research and development to meet global standards.
With India’s oil demand expected to reach around 11 million barrels per day by 2045, as per the India Brand Equity Foundation, UDTL anticipates significant growth opportunities in the drilling equipment industry as domestic oil and gas exploration activities expand.
The article was originally published on March 3, 2025.
