United Drilling Tools Limited has informed the Exchange regarding a press release dated July 07, 2025, titled "Award of Order".
UNIDT · price
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Awaiting price reaction for this filing.
United Drilling Tools Ltd (UDTL) has secured a new order worth INR 176.45 million (approximately ₹17.65 crore) from Oil India Limited, a major public sector oil and gas company. The order is for the supply of Line Casing Pipe and Crossover Pipe, which are products in UDTL's regular line of business as an oil drilling equipment manufacturer. The contract needs to be executed within five months. The order is from a domestic entity, has no related party involvement, and the promoter group has no interest in the awarding entity. The CFO expressed optimism about strengthening the partnership with Oil India and expanding customer relationships.
This is a positive development for UDTL as it adds a meaningful order from a reputed PSU client, providing revenue visibility for the next few months. While the order size is moderate relative to the company, consistent wins from major oil PSUs reinforce UDTL's position in the domestic oil drilling equipment space. Short-term stock impact may be limited, but it strengthens the order book narrative.