This micro-cap company receives an international order worth Rs 25 crore!

On Wednesday, shares of the company surged by more than 12 per cent and made an intraday high of Rs 234.15.

United Drilling Tools Ltd, established in 1985, is a leading manufacturer of wireline and well service equipment, gas lift equipment, downhole tools, and large OD casing pipes with connectors. They prioritize high-quality products, conforming to international standards (ISO & API). With 28 registered trademarks (24 in India, 4 in other countries) and 14 design patents (9 in India, 5 in the UK), UDTL demonstrates its commitment to innovation and delivering reliable solutions.

United Drilling Tools Limited (UDTL) has successfully secured an international order worth INR 25 crore for their Wireline Winch product from American Completion Tools, Inc. The order is intended for supply to Petroleos Mexicanos (PEMEX), a government-operated petroleum company in Mexico. This achievement is a significant milestone for UDTL as they expand their presence in the global market.

The company has previously supplied Wireline Winches to countries such as Malaysia, Nigeria and Vietnam. The company is actively bidding for orders in the overseas market, particularly in the oil and gas sector and ongoing negotiations are taking place with multiple entities.

UDTL's Chairman-cum-Managing Director, Pramod Kumar Gupta, is pleased with the order book and the PEMEX overseas order. He expects more significant international orders, driving global market share and expansion. UDTL remains dedicated to being a trusted provider of oil drilling equipment through ongoing R&D, aiming for competitiveness and product portfolio expansion.

On Wednesday, shares of the company surged by more than 12 per cent and made an intraday high of Rs 234.15. Additionally, the scrip had a spurt in volume by more than 2.58 times.

Investors should keep a close eye on this trending stock.