United Drilling Tools (UDTL) has been awarded an International order worth Rs 25 crore for one of its product line i.e; Wireline Winch from American Completion Tools, Inc. USA (ACT) for onward supply to Petroleos Mexicanos (PEMEX), a petroleum company managed and operated by the Mexican Government. This offers a significant opportunity to UDTL to pursue for its product line in the near future.
Earlier, UDTL had also supplied Wireline Winches in some other countries such as Malaysia, Nigeria & Vietnam etc. Further to this, UDTL has bid for orders in the overseas market and has commenced bidding for tailor-made tenders in the Oil and Gas sector and negotiations are underway with multiple entities.