United Drilling Tools: Stock jumps after bagging ₹3.72 Cr order from ONGCUnited Drilling Tools: Stock jumps after bagging ₹3.72 Cr order from ONGC

Introduction

Leading oilfield equipment manufacturer receives a domestic order from ONGC for supply of Large OD casing pipe, valued at ₹3.73 crore, with execution scheduled over 5 – 6 months.

Share price movement of United Drilling

On March 9, 2026, United Drilling Tools Ltd opened at ₹184.35, up 0.83% from its previous close of ₹182.85. The stock reached a high of ₹184.90 (1.14%) and a low of ₹179.20. By 12:51 PM, it traded at ₹182.80, a 0.03% decrease, with a market cap of ₹371.14 crore.

United Drilling Tools Secures ₹3.73 Cr ONGC Order

United Drilling Tools Limited has received a domestic order from Oil and Natural Gas Corporation Limited (ONGC) for the supply of Large OD casing pipe in routine business operations.

The contract is commercial and will be executed over 5–6 months. The estimated value of the order is ₹3.73 crore, covering supply and delivery of the specified equipment.

The order is awarded by a domestic entity. No promoter, promoter group, or related party has any interest in ONGC, and the transaction does not qualify as a related party transaction.

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

United Drilling Tools Ltd gained 7.47% over the past week, fell 10.4% in the past 6 months, and declined 22.8% over the past 1 year.

Shareholding pattern of United Drilling

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	74.70%	74.70%	74.70%
FII	0%	0.40%	0%
DII	0.00%	0.00%	0.00%
Public	25%	24.90%	25%

About United Drilling

United Drilling Tools Ltd (NSE: UNIDT) manufactures and sells oil drilling tools, large OD casing connectors, casing pipes, downhole equipment, and high-performance connectors for oil, gas, and allied industries.

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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.

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