United Drilling Tools Secures Order from Baker Hughes for Winch Accessories
New Delhi: United Drilling Tools Ltd. (UDTL), a prominent manufacturer of specialized, high-technology equipment for the oil and gas sector in India and abroad, has received an order from M/s Baker Hughes Singapore Pte. The deal involves supplying winch accessories to one of the world's leading energy technology companies serving the oil and gas industry.The contract marks a trial order for UDTL’s winch accessories, which will be supplied to Baker Hughes. This follows an established business relationship between the two entities through previous supplies of various engineering products.
This order is viewed as a reflection of Baker Hughes' confidence in UDTL's quality standards and manufacturing capabilities. The company noted that the winch accessories will undergo evaluation and testing as part of Baker Hughes’ qualification process. If successful, UDTL believes this initial order has potential to lead toward regular commercial supplies and larger volume orders in the future, thereby reinforcing their long-term partnership.
The equipment is expected to be executed within 30 days, adhering strictly to the customer's specifications and stringent quality requirements.
Shri Govind Sharma, GM-Global Sales and Marketing at UDTL, commented on the achievement, stating that "We are delighted to receive this order from Baker Hughes for our winch accessories. This reflects the confidence our customers have in our engineering capabilities and product quality." He added that they remain optimistic that successful testing will lead to more substantial orders.
UDTL Profile and Capabilities
Established since 1985, United Drilling Tools Ltd. (UDTL) is based in Noida, Uttar Pradesh, India. The company specializes as a leading manufacturer of large OD casing pipe with multi start high performance connector, Wireline & well service equipment, Gas lift equipment, and Downhole Tools.UDTL focuses on manufacturing high quality products using field proven test designs that conform to international standards, including ISO and API standards.
The company holds significant intellectual property assets:
- Trademarks: UDTL has 32 registered Trademarks, with 24 registered in India and the remaining 8 registered in other countries.
- Design Patents: There are 14 Design Patents registered, including 9 in India and 5 registered in the UK. Additionally, eight patents have been received in India from applications made domestically and internationally.
UNIDT Stock Price Movement
Shares of United Drilling Tools Limited are edging higher to ₹230.00 as of 2:04 PM, gaining 0.51% in live trading. The stock sees a modest volume of 2,085 shares traded during the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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