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United Drilling Tools Limited ( (IN:UNIDT) ) just unveiled an update.
United Drilling Tools Ltd. has secured an order valued at INR 16.14 million from Cactus for Oil Services in Libya, marking a significant step in strengthening its global presence in the oil and gas market. The order involves the supply of critical components for artificial lift systems, to be delivered over three months, underscoring UDTL’s commitment to providing advanced technology and high-quality equipment. This development reflects the industry’s confidence in UDTL’s products and aligns with the company’s strategy to expand its business in overseas markets, supporting the growth and success of its clients in the dynamic energy landscape.
More about United Drilling Tools Limited
United Drilling Tools Limited (UDTL), based in Noida, Uttar Pradesh, India, is a prominent manufacturer in the oil drilling equipment sector. The company specializes in producing large OD casing pipes with connectors, wireline and well service equipment, gas lift equipment, and downhole tools. UDTL is known for its high-quality, competitively priced products that meet international standards such as ISO and API, and it continues to innovate in the industry.
YTD Price Performance: -21.30%
Average Trading Volume: 1,858
Current Market Cap: 4.21B INR
For a thorough assessment of UNIDT stock, go to TipRanks’ Stock Analysis page.