Stock jumps after receiving supply order worth ₹8 Cr from Oil IndiaStock jumps after receiving supply order worth ₹8 Cr from Oil India

Introduction:

Leading drilling equipment manufacturer has secured an ₹8.08 crore order from a major public sector enterprise for supplying large OD casing pipes with connectors. This order supports an offshore exploration project, reinforcing the company’s expertise in delivering high-quality solutions for India’s energy sector.

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Share price movement of United Drilling:

On March 4, 2025, United Drilling Tools Ltd opened at ₹232.50, up 2.69% from its previous close of ₹226.40. The stock reached a high of ₹232.50 (2.69%) and a low of ₹225.25. By 2:28 PM, it traded at ₹226.60, a 0.09% increase, with a market cap of ₹460.07 crore.

UDTL Secures ₹8.08 Crore Order from Oil India for Offshore Project:

United Drilling Tools Ltd. (UDTL) has secured an ₹8.08 crore order from Oil India Limited (OIL) to supply 2,000 meters of large OD casing pipe with connectors for the Andaman offshore exploration project. Delivery is scheduled within three months.

The project, involving deep-well drilling up to 4,200 meters, highlights OIL’s confidence in UDTL’s high-quality products. UDTL continues to strengthen ties with public sector enterprises, reaffirming its expertise in delivering critical drilling solutions for India’s growing oil and gas sector.

India’s oil demand is projected to reach 11 million barrels per day by 2045, creating growth opportunities for drilling equipment manufacturers. UDTL aims to leverage this expansion, further cementing its market position and long-term success in the energy sector.

Recent news on United Drilling:

As of February 20, 2025, United Drilling Tools Ltd. reported consolidated net sales of ₹33.89 crore for Q3 FY24, down 0.19% YoY, while net profit rose 9.25% to ₹2.65 crore. EBITDA declined 7.23% to ₹5.52 crore.

Ace investor holding in United Drilling:

Shashank S Khade 

Shashank S Khade holds a 1.18% stake in United Drilling Tools Ltd., owning 239,493 shares valued at ₹5.4 crore. His investment underscores confidence in the company’s growth prospects within the drilling equipment and energy sector.

Stock performance of United Drilling for Period of 1 week, 6 months, and 1 year:

United Drilling Tools Ltd. has faced a downturn, with a 4.95% decline over the past week, a 16.7% drop in six months, and an 18.9% decrease over the past year, reflecting ongoing market challenges in the drilling sector.

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Shareholding pattern of United Drilling:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	74.70%	74.70%	74.70%
FII	0.60%	0.70%	0.60%
DII	0.00%	0.00%	0.00%
Public	24.80%	24.70%	24.80%

About United Drilling:

United Drilling Tools Ltd. (NSE: UNIDT), established in 1985 and based in Noida, manufactures large OD casing pipes, wireline equipment, gas lift tools, and downhole tools. The company adheres to ISO and API standards, holding multiple trademarks and patents globally.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.