United Drilling Tools Ltd. (UDTL) has announced that it has secured a significant contract worth ₹13.74 crore from Oil India Limited (OIL). The deal involves supplying Heavy-Duty Truck-Mounted Dual Drum Hydraulic Wireline Units with Power Take-Off (PTO), enhancing OIL’s operational capabilities in complex drilling activities.
These specialized winches, equipped with Zone 2 Power Packs and advanced electrical systems, are designed for safe use in hazardous oil well environments, ensuring efficiency and safety in operations. The delivery of these units is scheduled within four to six months.
UDTL, recognized as India’s only manufacturer of such high-tech drilling equipment, continues to reinforce its market position with this order. The company remains aligned with the ‘Make in India’ initiative, aiming to strengthen domestic production and reduce reliance on imports.
Following this announcement, shares of United Drilling Tools Ltd. rose over 1.3%, trading at ₹226.26, reflecting investor optimism over the new business win.
