United Drilling Tools Limited has informed the Exchange about Bagging/Receiving of orders/contracts
UNIDT · price
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Awaiting price reaction for this filing.
United Drilling Tools Ltd (UDTL) has received an order worth approximately INR 21.94 million (~₹2.19 crore) from M/s Petroleum Equipment & Supplies FZE, an affiliate of Schlumberger, based in the UAE. The order is for Large OD Casing Pipes and Leopard Connectors used in oil and gas drilling operations, with delivery intended for Uzbekistan over a four-month period. The order is denominated in Indian Rupees despite the international nature of the buyer and end-destination. UDTL highlighted its growing footprint in Middle East, Africa, and Central Asia markets.
The order size is relatively modest in absolute terms, so the direct impact on stock price is likely limited. However, the order from a Schlumberger affiliate strengthens UDTL's credibility in international oil and gas markets and supports its export growth narrative.