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United Drilling Tools Ltd. Regulatory Filings 2021
62679_rns_2021-01-18_13da61ec-45f3-4db1-9759-b9035e475e3f.pdf
Regulatory Filings
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UNITED DRILLING TOOLS LTD.
: CIN : L29199DL 1985 PLCO 15796 OIL DRILLING EQUIPMENT MANUFACTURING AND SERVICES
Phones : +91-0120-4842400 2462673, 4221777 Fax No. : -91-0120-2462675
USE PREFEX FOR CALLING - Uttar Pradesh, India From Out side Country -91-120 E-mail : [email protected] From Out side State -0120 Website : www.udtltd.com From New Delhi -0120
18/01/2021 UDT/SEC/2020-2 1/BSE-53-NSE-24
Please Reply to Head Office
A-22, Phase-ll, Noida-201305 Distt. Gautam Budh Nagar,
Department of Corporate Service Listing Compliance Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block-G, Dalal Street, Mumbai- 400001 Bandra Kurla Complex, Bandra (E), Mumbai — 400051 Security ID - 522014 Security ID - UNIDT
Sub: Press Release (revised) on setting up a New Plant in Gujarat
Dear Sir/Ma'am,
Pursuant to regulation 30 Of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are submitting herewith copy of the press release titled setting up a new plant in Gujarat, near Mundra Port.
Kindly take the same on record, please.
Thanking You,
Yours faithfully
For United Drilling Tools Ltd.
United Drilling Tools Limited
CIN: L29199DL1985PLC015796
Head Office: A-22, Phase-Il, Noida Distt- Gautam Budh Nagar, U.P -201305, INDIA.
Setting up a New Plant in Gujarat, near Mundra Port
Noida, 18' January, 2021: United Drilling Tools Limited (UDTL), one of the leading manufacturers of high-quality products used in the upstream oil and gas operations is pleased to announce 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 INR 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.
Commenting on this recent development Pramod Kumar Gupta, Chairman & Managing Director, UDTL addressed "This comes in line with our strategy of growing our domestic market share and further allow us to grow internationally, we expect 50-70% incremental revenues from this development in the coming 2 years, further to this, UDTL strongly believes in inclusive growth by generating employment opportunities in the region"
"Whilst this facility will be initially manufacturing the latest designed casing pipe and connector assembly, it will also serve as a warehousing and cross docking location, we shall further invest in this facility down the line to strengthen and sustain our competitive edge in line with UDTL's vision of being a global player, also this new location will allow us to better align our supply chain management in a rapidly changing business landscape," says Dr. Kanal Gupta, Whole Time Director, UDTL.
About United Drilling Tools Ltd.
UDTL commenced its operation in the Year 1985, headquartered at New Delhi. UDTL is Worldwide Leader in Connector Technology and also a leading Manufacturer of Wire line & well service equipment, Gas lift equipment's, Downhole tools and large OD casing pipe and connector in the world. All the equipment can be supplied with most reliable designs and quality and are very competitively priced as compared to other suppliers. The Company is dedicated to manufacture high-quality products.
UDTL is spearheaded by Mr. Pramod Kumar Gupta (CMD) is an engineering technocrat, who possesses more than three decades of rich experience in the oil and gas industry.
For further information on the Company, please visit www.udtltd.com
Pramod Ojha (Company Secretary) Krunal Shah/ Vinayak Shirodkar Contact: +91 87500 55919 Contact: +91 98922 88895
United Drilling Tools Limited Captive IR Strategic Advisors Pvt. Ltd. Email: [email protected] Email: [email protected] / [email protected]
Disclaimer:
CERTAIN STATEMENTS IN THIS DOCUMENT MAY BE FORWARD LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES LIKE GOVERNMENTACTIONS, LOCAL POLITICAL OR ECONOMIC DEVELOPMENTS, TECHNOLOGICAL RISKS, AND MANY OTHER FACTORS THAT COULD CAUSE OUR ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTEMPLATED BY THE RELEVANT FORWARD-LOOKING STATEMENTS. UNITED DRILLING TOOLS LIMITED WILL NOT BE IN ANY WAY RESPONSIBLE FOR ANY ACTION TAKEN BASED ON SUCH STATEMENTS AND UNDERTAKES NO OBLIGATION TO PUBLICLY UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT SUBSEQUENT EVENTS OR CIRCUMSTANCES.
