United Drilling Tools zooms on winning international order worth Rs 25 crore
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United Drilling Tools is currently trading at Rs. 218.20, up by 10.75 points or 5.18% from its previous closing of Rs. 207.45 on the BSE.
The scrip opened at Rs. 209.25 and has touched a high and low of Rs. 234.15 and Rs. 203.35 respectively. So far 326648 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 440.00 on 11-Aug-2022 and a 52 week low of Rs. 169.00 on 09-Jun-2023.
Last one week high and low of the scrip stood at Rs. 234.15 and Rs. 198.10 respectively. The current market cap of the company is Rs. 445.65 crore.
The promoters holding in the company stood at 74.65%, while Institutions and Non-Institutions held 0.38% and 24.97% respectively.
United Drilling Tools (UDTL) has been awarded an International order worth Rs 25 crore for one of its product line i.e; Wireline Winch from American Completion Tools, Inc. USA (ACT) for onward supply to Petroleos Mexicanos (PEMEX), a petroleum company managed and operated by the Mexican Government. This offers a significant opportunity to UDTL to pursue for its product line in the near future.
Earlier, UDTL had also supplied Wireline Winches in some other countries such as Malaysia, Nigeria & Vietnam etc. Further to this, UDTL has bid for orders in the overseas market and has commenced bidding for tailor-made tenders in the Oil and Gas sector and negotiations are underway with multiple entities.
United Drilling Tools is one of the leading manufacturer of downhole tools, handling tools, gas lift equipments, wire line & well service equipment in the world. The product range of the company includes Wireline Winch Units, Gas Lift Equipments, Down Hole Tools and Handling Tools.
