United Drilling Tools Limited has informed the Exchange regarding a press release dated Jun 16, 2025, titled "Award of Order".
UNIDT · price
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United Drilling Tools Ltd (UDTL) has secured an order worth INR 1,075.47 million (including GST) from ONGC Limited, a major government PSU in India's oil and gas sector, for the supply of Large Outer Diameter (OD) casing pipes with connectors. The order is to be fulfilled over approximately 9 months. With this addition, UDTL's total order book has grown to around INR 2,500–2,800 million. The company highlighted this as a reaffirmation of its long-standing partnership with ONGC and its strong position in the oilfield equipment manufacturing space. UDTL serves clients across India, the Middle East, Southeast Asia, and parts of Africa.
This is a sizeable order win from a reputed government PSU, strengthening UDTL's revenue visibility for the next 9 months and boosting overall order book by roughly 60–70%. Positive near-term sentiment for the stock, though investors should monitor execution and timely delivery.