Announced Mon, 15 Jun · 14:55 IST
UDTL secures trial export order from Russia for PUMA Connectors
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UNIDT · price
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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹224.59
prior close
₹231.50
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AI summary
United Drilling Tools Ltd (UDTL) has secured a trial export order from M/s Trident East Limited, Russia for PUMA Connectors used in oil and gas applications. This marks the first-ever supply of Puma Connectors from India to Russia, with UDTL being the sole Indian manufacturer. The order is to be executed within 1 month. The company expects successful trial completion to pave the way for larger, long-term orders from the Russian market.
Likely market impact
Positive sentiment; first-of-its-kind export milestone to Russia could open a new market and lead to larger future orders, though order value is undisclosed.