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 right now. The gear can be delivered over a three-month interval for Oil India’s Andaman offshore exploration challenge, which includes 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 right now 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, fuel raise gear, and downhole instruments.
Based on 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 concentrate on analysis and growth to fulfill worldwide requirements.
With India’s oil demand projected to achieve roughly 11 million barrels per day by 2045 in keeping with the India Model Fairness Basis, UDTL sees important progress alternatives within the drilling gear business as home oil and fuel exploration actions develop.
