United Drilling Instruments Ltd (UDTL) has been awarded an order value ₹80.84 million from Oil India Restricted for the provision of 2000 meters of Giant OD Casing Pipe with connector, the corporate introduced at present. The gear shall 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) had been buying and selling at ₹229.03 down by ₹4.37 or 1.87 per cent on the NSE at present at 2.05 pm.
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This order strengthens UDTL’s place in India’s power 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 nicely service gear, fuel raise gear, and downhole instruments.
In response to 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 give attention to analysis and improvement to satisfy worldwide requirements.
With India’s oil demand projected to achieve roughly 11 million barrels per day by 2045 in response to the India Model Fairness Basis, UDTL sees important progress alternatives within the drilling gear trade as home oil and fuel exploration actions develop.
