Announced Wed, 8 Jul · 13:08 IST
UDTL enters premium oilfield casing segment with Oil India deployment
Compliance View source PDF
UNIDT · price
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AI summary
United Drilling Tools has successfully supplied and deployed premium connection casing pipes (7-inch, 5,000 metres) in an Oil India gas well in Assam. This marks UDTL's entry into India's premium casing and tubing market, valued at about Rs 2,600 crore with annual demand of around 1.2 lakh tonnes. The company now plans to pursue approvals and tenders with ONGC and private explorers such as Vedanta, Reliance, Adani and Welspun.
Likely market impact
Opens a Rs 2,600 crore high-value market to UDTL beyond its traditional API-grade products, with potential to materially lift revenue and profitability.