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United Drilling Tools Wins Rs 57 Lakh Domestic Order for Downhole Tools

Story Highlights
  • United Drilling Tools secured a Rs 57.06 lakh domestic order from Aadyashree Drilling International for stabilizers.
  • The commercial contract, to be executed within two months, reinforces the company’s role as a key drilling tools supplier in India.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
United Drilling Tools Wins Rs 57 Lakh Domestic Order for Downhole Tools

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United Drilling Tools Limited ( (IN:UNIDT) ) has shared an update.

United Drilling Tools Limited has received a domestic commercial order from Aadyashree Drilling International Private Limited for the supply of downhole tools, specifically stabilizers and related accessories. The order, valued at approximately Rs 57.06 lakh and to be executed within 1.5 to 2 months, is in the ordinary course of business, does not involve any related-party element, and underscores the company’s ongoing role as a key supplier to India’s drilling industry.

More about United Drilling Tools Limited

United Drilling Tools Limited is an Indian manufacturer and service provider of oil drilling equipment, specializing in downhole tools and related products for the energy sector. The company operates primarily in the domestic market, supplying drilling tools and stabilizers to oilfield services and drilling contractors across India.

Average Trading Volume: 1,990

Technical Sentiment Signal: Sell

Current Market Cap: 3.19B INR

See more insights into UNIDT stock on TipRanks’ Stock Analysis page.

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