India is emerging as the world’s third largest energy consumer globally. And demand for primary energy in India is expected to increase threefold by the year 2035. It is expected to touch 1,516 million tonnes mark by the year 2035. Recently, government has allowed 100 percent foreign direct investment in upstream and private sector refining projects. Further Government of India has enacted various policies such as OALP and CBM to encourage investments. The evident growth of government initiative is clearly visible in this sector.
Recently, United Drilling Tools Ltd. (UDTL)
, a leading manufacturer of the world in Oilfield Equipment, has announced that the company has in received of Rs 100 Crores orders from several industries engaged in drilling for oil exploration for supply of oil drilling tools equipment’s for the financial year 2019-20. The purchase order received from various Indian companies engaged in drilling and exploration of Oil.
UDTL is also focusing to increase/ develop its new customers in India and abroad. It's qualified and experience professional are doing hard work in this area. Keeping in view of Government initiatives and demand in oil and gas industry in India, UDTL taken several initiative to develop new technologies and expend a huge amount on Research, Development and designing of latest technology and patented for manufacturing of best & latest quality of products to compete in national and international market. UDTL has developed truck mounted wireline winch unit with crane mounted at the rear of the chases.
In response to questions company Chairman cum Managing Director Mr. Pramod Kumar Gupta said that UDTL is amongst very few of India’s private sector company engaged in manufacturing of high-tech and import substitute equipments, machines and tools used by Oil, Gas, drilling and allied industries, which is a key constituent of Indian economy. Mr. Gupta a technocrat by profession, also mentioned UDTL is continuous growing and the best affords has been applied by the management to achieve its goal and target.
Posted By : Admin
Posted Date : 30-04-2019