United Drilling Tools | Business Upturn

United Drilling Tools secures Rs 107.55 crore order from ONGC, total order book now Rs 280 crore

Aman Shukla — Mon, 16 Jun 2025 06:35:52 +0000

United Drilling Tools Ltd. (UDTL) has secured a significant order from Oil and Natural Gas Corporation (ONGC) Limited for the supply of large outer diameter (OD) casing pipes with connectors. The order is valued at ₹1075.47 million (including GST) and is scheduled to be executed over approximately nine months.

This order highlights the enduring partnership between UDTL and ONGC, one of India’s most respected public sector undertakings in the oil and gas sector. With this addition, UDTL’s total order book has now grown to approximately ₹2500–2800 million, underscoring the strong trust its clients place in the company’s product quality and service reliability.

This development reaffirms UDTL’s leadership in the oilfield equipment space and its commitment to customer satisfaction, technical excellence, and innovation. The company continues to strengthen its domestic presence while expanding across key international markets, including the Middle East, Southeast Asia, and Africa.

UDTL’s advanced manufacturing facilities, R&D capabilities, and skilled technical team position it strongly to support India’s energy needs and contribute to global oil and gas development.

United Drilling Tools bags Rs 13.74 crore order from Oil India

Aman Shukla — Tue, 18 Mar 2025 08:56:00 +0000

United Drilling Tools Ltd. (UDTL) has secured a significant order worth ₹137.36 million from Oil India Limited (OIL), a leading public sector enterprise engaged in the exploration and production of crude oil and natural gas. This latest achievement further strengthens UDTL’s reputation as a trusted supplier of advanced oilfield equipment.

The contract involves supplying a Heavy-Duty Truck-Mounted Dual Drum Hydraulic Wireline Unit with Power Take-Off (PTO). These winches, equipped with Zone 2 Power Packs and specialized electrical systems, are designed to operate safely in hazardous environments, particularly in oil wells prone to potential gas leaks. Their integration into OIL’s operations will enhance efficiency in complex down-hole activities, ensuring greater safety and performance. The delivery of these specialized units is scheduled to be completed within four to six months.

As the only company in India to have successfully developed and manufactured such advanced technology, UDTL continues to reinforce its leadership in the oil and gas sector. The company remains dedicated to fostering domestic production, aligning with the government’s “Make in India” initiative. By consistently delivering top-tier equipment and services to both Indian and global clients, UDTL has built a strong reputation for quality and innovation.

United Drilling Tools secures new order from Oil India for Andaman offshore project

Aditya Bhagchandani — Mon, 03 Mar 2025 07:45:15 +0000

United Drilling Tools Ltd. (UDTL) has secured a significant order worth ₹80.84 million from Oil India Limited (OIL), a leading public sector enterprise engaged in the exploration and production of crude oil and natural gas. The order involves supplying 2,000 meters of large OD casing pipes with connectors for the prestigious Andaman offshore project.

The delivery will be completed within three months, supporting deep well exploration at depths of up to 4,200 meters. This contract highlights UDTL’s reputation for high-quality drilling equipment and its growing collaboration with key public sector companies.

Manoj Kumar Arora, Chief Financial Officer of UDTL, emphasized that the contract reaffirms the company’s commitment to timely delivery and superior product standards. He noted that customer satisfaction remains a top priority, and the company continues to strengthen its research and development capabilities to meet international standards.

India’s oil demand is projected to reach 11 million barrels per day by 2045, according to the India Brand Equity Foundation (IBEF). This growth presents significant opportunities for the drilling equipment sector, positioning UDTL for long-term expansion.

About UDTL

Established in 1985 and headquartered in Noida, UDTL specializes in manufacturing large OD casing pipes, wireline and well service equipment, gas lift systems, and downhole tools. The company holds 29 registered trademarks and 14 design patents, ensuring its products meet international standards such as ISO and API certifications.

Disclaimer: Forward-looking statements in this report are subject to risks and uncertainties, including economic, regulatory, and technological factors. United Drilling Tools Ltd. does not undertake any obligation to update these statements in response to future developments.

United Drilling Tools shares surge 6% after company bags Rs 148 crore order from Vedanta

Aman Shukla — Thu, 12 Dec 2024 04:05:33 +0000

United Drilling Tools Limited (UDTL) shares jumped 6% after securing a ₹1,486.62 million order from Vedanta Limited (Cairn Oil & Gas), a leader in natural resources. This three-year contract involves supplying Oil Country Tubular Goods (OCTG), including casing, tubing, pup joints, and X-overs, tailored for offshore and deep basin applications.

The deal cements UDTL’s growing influence in the oil and gas sector, competing with giants like Sumitomo and Marubeni Corporation. As the global OCTG market is set to grow from USD 24.93 billion in 2023 to USD 46.61 billion by 2032, this milestone positions UDTL for significant growth and expansion in a high-demand market.

United Drilling Tools shares opened at 286.90, reaching a high of 294.90 and a low of 284.70 during the trading session. The stock is currently well below its 52-week high of 319.00 but remains above its 52-week low of 195.00.

As of 9:35 am, United Drilling Tools shares were trading 5.24% higher at Rs 289.45 on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

United Drilling Tools secures Rs 148.6 crore order from Vedanta

Matrika Shukla — Wed, 11 Dec 2024 11:47:39 +0000

United Drilling Tools Limited (UDTL) has announced a significant milestone by securing an order worth ₹148.6 crore from Vedanta Limited (Cairn Oil & Gas), a global leader in natural resources. The order involves the supply of Oil Country Tubular Goods (OCTG), including casing, tubing, pup joints, and X-overs, over the next three years.

This contract underscores UDTL’s growing prominence in the oil and gas industry and strengthens its market position amidst fierce competition from major players like Sumitomo Corporation and Marubeni Corporation. The order focuses on OCTG products tailored for offshore and deep basin applications, ensuring robust performance in demanding conditions.

Key Order Highlights:

Value: ₹1,486.62 million.
Duration: 3 years.
Products: OCTG casing, tubing, pup joints, and X-overs for offshore and deep basin use.

The global OCTG market, valued at USD 24.93 billion in 2023, is projected to reach USD 46.61 billion by 2032. This growth offers UDTL opportunities to expand its product portfolio and cater to increasing industry demands.

Commenting on the development, Shri Pramod Kumar Gupta, Chairman-cum-Managing Director, said, “This prestigious order highlights our commitment to delivering high-quality products and services. Securing this contract against strong competition showcases the trust placed in UDTL by our esteemed customers like Vedanta.”

UDTL continues to prioritize innovation, quality control, and research and development, ensuring its products meet international standards while remaining competitively priced.