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United Drilling Tools Wins Order Worth INR104 Million for Casing Pipes; Shares Jump 7%

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United Drilling Tools (NSE:UNIDT, BOM:522014) received an order worth 103.6 million Indian rupees from Oil and Natural Gas Corp. (NSE:ONGC, BOM:500312), according to an Indian bourse filing on Monday.

Shares of United Drilling Tools jumped nearly 7% in Tuesday's trade.

The order is for large OD casing pipes with multi-start connectors, scheduled to be executed within six months, the filing said.

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