Rs 2,500 - Rs 2,800 million order book: Casing pipes company bags a Rs 176.45 million order from Oil India Ltd

DSIJ Intelligence-1 / 07 Jul 2025/ Categories: Mindshare, Trending

Rs 2,500 - Rs 2,800 million order book: Casing pipes company bags a Rs 176.45 million order from Oil India Ltd

The stock is up by 24 per cent from its 52-week low of Rs 184.60 per share.

United Drilling Tools Ltd (UDTL), a specialist in manufacturing large OD casing pipes with connectors, has secured a domestic order valued at Rs 176.45 million from Oil India Limited (OIL), a prominent Public Sector Undertaking in India's oil and gas sector. This contract involves the supply of Line Casing Pipe and Crossover Pipe and is expected to be fulfilled within five months, further solidifying UDTL's position as a trusted partner in the industry.

Earlier, the company ordered from Oil and Natural Gas Corporation (ONGC) Limited, valued at Rs 1075.47 million (including GST), for the supply of large outer diameter casing pipes with connectors. This order, set to be fulfilled over approximately nine months, boosts UDTL's total order book to an estimated Rs 2500 – Rs 2800 million. This contract not only strengthens UDTL's partnership with ONGC but also underscores the client's confidence in UDTL's stringent quality standards and consistent delivery of high-performance products and reliable services.

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About the Company

Established in 1985 in Noida, Uttar Pradesh, United Drilling Tools Ltd (UDTL) is a prominent manufacturer specialising in large OD casing pipes with connectors, wireline and well service equipment, gas lift equipment, and downhole tools. UDTL is committed to providing high-quality, competitively priced products that adhere to international ISO and API standards, continuously focusing on improvement and innovation. The company currently holds 32 registered trademarks (24 in India, 8 internationally) and 14 design patents (9 in India, 5 in the UK), with 8 additional patents already received in India.

The 52-Week High is Rs 294.90 and the 52-Week Low is Rs 184.60. United Drilling Tools Ltd has a market capitalisation of Rs 464 crore. On Monday, shares of United Drilling Tools Ltd gained 1.83 per cent to Rs 228.60 per share from its previous closing of Rs 224.49 per share. The stock is up by 24 per cent from its 52-week low of Rs 184.60 per share.

Disclaimer: The article is for informational purposes only and not investment advice.