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United Drilling Tools surges on signing License Agreement with Interpipe Ukraine LLC

06 Feb 2023 Evaluate

United Drilling Tools is currently trading at Rs. 236.20, up by 12.60 points or 5.64% from its previous closing of Rs. 223.60 on the BSE.

The scrip opened at Rs. 225.00 and has touched a high and low of Rs. 245.00 and Rs. 220.50 respectively. So far 7226 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 576.00 on 21-Apr-2022 and a 52 week low of Rs. 217.30 on 30-Jan-2023.

Last one week high and low of the scrip stood at Rs. 245.00 and Rs. 217.30 respectively. The current market cap of the company is Rs. 456.01 crore.

The promoters holding in the company stood at 74.65%, while Institutions and Non-Institutions held 0.31% and 25.04% respectively.

United Drilling Tools (UDTL) has signed a License Agreement with Interpipe Ukraine LLC to cut premium thread on full length casing and tubing pipes in India. The company is expecting to start the commercial operations by the last quarter of next financial year 2023-24.  With this alliance, UDTL is expecting to tap additional business / market share of Rs 200 to 300 crore per year.

Interpipe is a global producer of comprehensive range of steel pipe products for transportation and exploration of Oil and Gas segment. Interpipe has developed unique premium connections technology on Casing and Tubing used in Oil Country Tubular Goods (OCTG).

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. The product range of the company includes Wireline Winch Units, Gas Lift Equipments, Down Hole Tools and Handling Tools.

United Drilling Tool Share Price

211.15 -1.30 (-0.61%)
20-Apr-2026 12:30 View Price Chart
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