The project is scheduled to be executed within a period of 3–4 months.
United Drilling Tools is a leading manufacturer of oil drilling-related equipment in the country. The company has obtained global quality standards for its major products.
The company's consolidated net profit surged 38.9% to Rs 5.75 crore on a 13.8% jump in revenue from operations to Rs 55.60 crore in Q2 FY26 over Q2 FY25.
Shares of United Drilling Tools rose 0.17% to Rs 203.85 on the BSE.