United Drilling Tools (UNIDT) Bags ₹5.6 Cr Halliburton Order! 🚀

Hey finance enthusiasts!

Big news is buzzing around United Drilling Tools Limited (UNIDT), a key player in the oil drilling equipment space. The company, whose shares were trading around ₹206.99 with a slight uptick of 0.5% recently, has just announced a significant international order that’s sure to grab attention! 📈

UNIDT has successfully bagged a substantial order from none other than Halliburton Offshore Services Inc., a global giant in oilfield services. This is a fantastic win, highlighting UNIDT’s growing international footprint and its capability to serve major industry players.

The order is for the supply of Casing Pipe with multi start connector (Leopard), which is essentially specialized equipment crucial for oil and gas drilling operations. This is a pure sale of products, reinforcing UNIDT’s core business strength.

So, what’s the value of this exciting deal? The estimated contract value stands at a robust ₹5,63,81,071/- (that’s over Five Crores Sixty Three Lacs!). And the best part? UNIDT is set to execute this order within a swift 4-month timeframe. This quick turnaround speaks volumes about their operational efficiency.

This international order from a renowned entity like Halliburton is a testament to UNIDT’s quality and reliability. It not only adds a significant chunk to their order book but also strengthens their position in the global oil and gas equipment market. Deals like these are vital for a company’s growth trajectory, especially in a specialized sector like oil drilling.

Keep an eye on UNIDT as they continue to expand their reach and deliver on such impactful projects! What are your thoughts on this new development? Let us know! 👇

source: Corporate Announcement

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