United Drilling Tools jumps on bagging order worth Rs 148.66 crore
United Drilling Tools is currently trading at Rs. 291.35, up by 16.45 points or 5.98% from its previous closing of Rs. 274.90 on the BSE.
The scrip opened at Rs. 287.35 and has touched a high and low of Rs. 294.90 and Rs. 286.90 respectively. So far 22379 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 318.05 on 08-Feb-2024 and a 52 week low of Rs. 195.40 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 294.90 and Rs. 258.65 respectively. The current market cap of the company is Rs. 592.24 crore.
The promoters holding in the company stood at 74.65%, while Institutions and Non-Institutions held 0.69% and 24.67% respectively.
United Drilling Tools (UDTL) has been awarded an order worth Rs 148.66 crore from Vedanta (Cairn Oil & Gas) a leading global diversified natural resources company. This order pertains to the supply of Oil Country Tubular Goods (OCTG), including casing, tubing, pup joints, and X-overs, to be delivered over a period of three years.
The significant order pertains to the supply of various sizes of Oil Country Tubular Goods (OCTG) and accessories for offshore and deep basin applications. This significant order further strengthens UDTL’s position in the oil and gas industry and reflects the trust that Vedanta, one of the world’s most renowned resource companies, places in UDTL's high-quality products and services.
United Drilling Tools is the leading manufacturer of downhole tools, handling tools, gas lift equipments, wire line & well service equipment in the world.
