United Drilling Bags ₹40.6 Cr Order from ONGC, Boosting Offshore Drilling Pipeline

United Drilling Tools Ltd announced receipt of a significant order valued at ₹40.6 million from ONGC, India's flagship public sector oil explorer. The contract covers supply of critical drilling tools, components, and related services for offshore and onshore operations, aligning with ONGC's aggressive push for enhanced hydrocarbon recovery.

This win underscores United Drilling's technical expertise in high-pressure, high-temperature drilling environments and its established relationship with PSUs. The order adds to the company's robust order book, supporting revenue visibility amid India's expanding energy infrastructure investments and import substitution drive in oilfield equipment.

Such contracts highlight sustained demand for indigenous drilling solutions.

Key Highlights:

Order Value: ₹40.6 million from ONGC.

Scope: Drilling tools, components, and support services.

Client: Oil and Natural Gas Corporation (ONGC).

Strategic Fit: Strengthens offshore/onshore drilling portfolio.

Impact: Enhances order book and revenue pipeline.

Source: Company filing to BSE/NSE, December 17, 2025.