United Drilling Tools Secures ₹176.5 Cr Order, Strengthens Oilfield Equipment Pipeline

United Drilling Tools Ltd (UDTL) has announced a significant breakthrough with the receipt of a ₹176.5 crore order for its specialized oilfield equipment, reinforcing its leadership in India’s upstream energy supply chain. The order, placed by a leading domestic oil & gas PSU, includes high-precision wireline winches, gas lift valves, and casing pipe handling tools, all critical for enhanced oil recovery and well intervention operations.

 

The contract will be executed over the next 12–18 months, with deliveries scheduled in phases. UDTL emphasized that the order reflects growing confidence in indigenously manufactured, high-spec drilling solutions, especially as India pushes for energy self-reliance under its “Make in India” initiative.

 

The company’s stock responded positively, rising 3.2% intraday, as investors welcomed the visibility this order brings to UDTL’s FY26 revenue pipeline. With a strong order book and expanding export footprint, UDTL is also exploring strategic tie-ups in the Middle East and Southeast Asia.

 

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Source: Business Standard