United Drilling Instruments Ltd (UDTL) has been awarded an order price ₹80.84 million from Oil India Restricted for the availability of 2000 meters of Giant OD Casing Pipe with connector, the corporate introduced immediately. The gear can be delivered over a three-month interval for Oil India’s Andaman offshore exploration challenge, which entails deep wells reaching depths of as much as 4200 meters.
The shares of United Drilling Instruments Ltd (UDTL) have been buying and selling at ₹229.03 down by ₹4.37 or 1.87 per cent on the NSE immediately at 2.05 pm.
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This order strengthens UDTL’s place in India’s vitality sector and highlights its rising relationship with public sector enterprises. The Noida-based producer has been working since 1985, specialising in oil drilling gear together with wireline and properly service gear, gasoline elevate gear, and downhole instruments.
In line with Manoj Kumar Arora, UDTL’s Chief Monetary Officer, the order displays the corporate’s dedication to product high quality and well timed supply. UDTL emphasizes its deal with analysis and growth to satisfy worldwide requirements.
With India’s oil demand projected to succeed in roughly 11 million barrels per day by 2045 based on the India Model Fairness Basis, UDTL sees important progress alternatives within the drilling gear business as home oil and gasoline exploration actions increase.
