United Drilling Tools gets order from ONGC

United Drilling Tools Ltd. has secured a Rs 3.73 crore order from Oil and Natural Gas Corporation Limited (ONGC) for the supply of Large OD casing pipe, a critical component in oil drilling operations according to reports. The domestic order, valued at Rs 3,72,78,000, is scheduled for execution over 5-6 months and was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as required. The company emphasized that the transaction was conducted at arm’s length, with no related-party involvement or promoter interest in the awarding entity according to disclosures.

This contract strengthens United Drilling Tools’ position as a supplier to India’s leading oil and gas exploration firm. The order adds to the company’s existing order book and provides short-term revenue visibility, aligning with its focus on domestic market demand. The company’s recent financial performance also reflects robust growth, with Q3FY26 revenue rising 45% year-on-year to Rs 5,043.94 lakh, driven by improved operational efficiency and a better product mix according to financial reports. EBITDA for the quarter grew 79% to Rs 932.13 lakh, with margins expanding to 18.19% from 14.75% in the prior-year period as reported.

The order underscores United Drilling Tools’ strategic emphasis on technology-driven products and operational excellence, supported by its strong intellectual property portfolio and compliance with international standards such as ISO and API certifications according to company disclosures. With a healthy order pipeline and ongoing focus on cost optimization, the company remains positioned for sustained growth in the oil and gas sector as stated.