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United Drilling Tools Ltd.

BSE: 522014 Sector: Engineering
NSE: N.A. ISIN Code: INE961D01019
BSE LIVE 13:40 | 18 Oct 211.90 9.85
(4.88%)
OPEN

205.05

HIGH

211.90

LOW

205.05

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 205.05
PREVIOUS CLOSE 202.05
VOLUME 151
52-Week high 289.85
52-Week low 136.60
P/E 37.11
Mkt Cap.(Rs cr) 217
Buy Price 205.55
Buy Qty 25.00
Sell Price 211.90
Sell Qty 19.00
OPEN 205.05
CLOSE 202.05
VOLUME 151
52-Week high 289.85
52-Week low 136.60
P/E 37.11
Mkt Cap.(Rs cr) 217
Buy Price 205.55
Buy Qty 25.00
Sell Price 211.90
Sell Qty 19.00

United Drilling Tools Ltd. (UNITEDDRILLING) - Chairman Speech

Company chairman speech

India is witnessing a new era of growth and sky of opportunities. This willpredominantly be driven by increasing economic activity coupled with Hon’blePM’s ‘Make in India' initiatives.

United Drilling Tools Limited (UDTL) continue to contribute in India’s journeytowards economic and social well-being and remains committed to invest and innovate forIndia. Your Company is striving to meet and exceed global benchmarks in product qualityand customer service with inspiring ideas and strategic investments. In manufacturingUDTL is achieving superior outcomes that facilitate India’s drive for globalleadership.

Your Company is delivering industry-leading performance through consistent efficiencyin operations. UDTL is making sizable capital investments places emphasis on technologyand expanding its level of services leading to growth for your Company. UDTL innovates forexisting businesses and specifically focuses on its existing business model consideringvast scope therein so as to deliver significant value for its growing stakeholderfraternity. In this effort it collaborates with leading players to help users in a newera of possibilities.

UDTL’s focus is to continue growing as a responsible organization. Performancereflects the strength of operations.

UDTL AT A GLANCE

UDTL is amongst one of India’s private sector Company focusing on manufacture ofhigh-tech machines and tools being consumed by Oil Gas Drilling and allied industrieswhich comprises of key players of Indian economy. It is a significant player in thesegment and has been a preferred vendor for its clients in India. Built on strong valuesUDTL is deeply rooted in the culture of safety integrity and commitment and is dedicatedto its vision of partnering India’s economic growth and social wellbeing.

We have invested for years in creating growth engines for the future. Today yourcompany is competing with leading global players in its field and has come a long way tobecome a high-tech domestic company manufacturing equipment and machineries for the oiland energy sector.

The global economy in recent couple of years saw a steep decline in oil prices whichhad significant impact on energy businesses and in turn your Company too was affectedsince most of clientele of your Company comes from Oil & Energy sector. This coupledwith slowing growth in some of the leading global economies impacted currencies also tosome extent which primarily affected your Company clients and your Company was alsobound to be affected albeit not in absolute proportion. But there was positive news interms of faster-than-anticipated economic growth recovery in emerging economies andspecially developed economies which paved way for global economic recovery. This wasreflected in the results of first quarter of your company for Financial Year 2016-17.

India’s economy is in the midst of a recovery with lower fiscal and currentaccount deficit lower inflation and weak commodity prices. Our country’s growthseems poised to return to a high-growth path. It is in this context that your Companycontinues its quest for sustained growth. Domestic production was lower due to naturaldecline from various clients resulting in lower demand from clients across the globe.Despite all UDTL achieved a net profits of Rs. 6.52 crore for shareholders and earnedforeign exchange of Rs. 33.82 crore for the country during the year.

Your Management is also open to idea of possible foraying into other areas/formingstrategic alliance with established players from India and/or abroad.

With best wishes

Mr. Pramod Kumar Gupta

Chairman cum Managing Director