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United Drilling Tools gains on planning to setup manufacturing plant in Gujarat

18 Jan 2021 Evaluate

United Drilling Tools is currently trading at Rs. 305.00, up by 2.10 points or 0.69% from its previous closing of Rs. 302.90 on the BSE.

The scrip opened at Rs. 313.00 and has touched a high and low of Rs. 313.00 and Rs. 302.00 respectively. So far 3838 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 339.80 on 11-Jan-2021 and a 52 week low of Rs. 95.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 339.80 and Rs. 300.00 respectively. The current market cap of the company is Rs. 627.27 crore.

The promoters holding in the company stood at 74.65%, while Institutions and Non-Institutions held 0.28% and 25.07% respectively.

United Drilling Tools (UDTL) has declared the start-up of acquiring Land and Building for newly manufacturing plant in Gujarat, near Mundra Port, spread over 35 acres with an initial capital outlay of Rs 150 mn and proposed to be entirely funded through internal accruals. This unit will be developing latest designed products such as casing pipe with connector assembly segment further widening the existing product portfolio and in addition to this enhance UDTL’s manufacturing capacity by implementation of latest production technologies making this a state of the art unit.

United Drilling Tools is one of the leading manufacturer of downhole tools, handling tools, gas lift equipments, wire line & well service equipment in the world.

United Drilling Tool Share Price

215.75 7.45 (3.58%)
21-Apr-2026 16:59 View Price Chart
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