United Drilling Tools soars on bagging order worth Rs 13.73 crore from Oil India
United Drilling Tools is currently trading at Rs. 223.65, up by 7.80 points or 3.61% from its previous closing of Rs. 215.85 on the BSE.
The scrip opened at Rs. 218.00 and has touched a high and low of Rs. 226.90 and Rs. 218.00 respectively. So far 3681 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 294.90 on 12-Dec-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. 231.05 and Rs. 215.00 respectively. The current market cap of the company is Rs. 454.08 crore.
The promoters holding in the company stood at 74.65%, while Institutions and Non-Institutions held 0.58% and 24.78% respectively.
United Drilling Tools has been awarded an order worth Rs 13.73 crore from Oil India (OIL), one of India’s premier public sector undertakings and a key player in the exploration, development, and production of crude oil and natural gas in India. The awarded order involves the supply of a Heavy-Duty Truck-Mounted Dual Drum Hydraulic Wireline Unit with PTO (Power Take-Off). The procurement of these Winches equipped with Zone 2 Power Packs and specialized electrical systems is a significant step forward. These winches are designed to operate safely in hazardous environments, whereas oil wells with potential explosive gas leaks.
These specialized units will be used for executing complex down-hole operations in oil and gas wells of Oil India and will be delivered over a period of 4-6 months.
United Drilling Tools is the leading manufacturer of downhole tools, handling tools, gas lift equipments, wire line & well service equipment in the world.
