United Drilling Tools' Business Responsibility and Sustainability Initiatives for FY 2023-24

United Drilling Tools Limited is one of the flagship companies in the manufacturing of oil and gas equipment. The company released its Business Responsibility and Sustainability Report for the years 2023–24. The report details UDTL's ideals relating to business ethics, corporate governance, environmental care, and social responsibility. In its journey of expanding globally, with greater emphasis on sustainable growth and innovation, it will also be in tune with India's vision towards "Atmanirbhar Bharat," or self-reliant India. Body United Drilling Tools has carved its brand reputation in the development and manufacture of specialized tools for oil and gas and drilling industries, including casing pipes, connectors, and wireline winches. In the BRSR, UDTL shared the strategic pathway towards its sustainability on product innovation, safety, and quality. The company is convinced that new opportunities unfold if the existing businesses conform to high standards of governance and innovate products to remain relevant within the latest government policies towards promoting indigenous industries. Some of the key themes in the report are its focus on sustainable sourcing and environment management. UDTL has been striving to reduce its environmental footprint through a shift from diesel to compressed natural gas to reduce emissions. Besides, the company is committed to judicious water management through the principle "Reduce, Reuse, Recycle" and has taken steps to increase energy efficiency across its plants. UDTL also focuses on customer satisfaction and corporate governance. The adherence of the company to various global quality standards, such as ISO certifications and API licenses, is a continuous testimony toward the delivery of high-performance products to customers' specifications to contribute to market growth. An approach of this kind has enabled UDTL to enter international markets, catering to clients across as many as 12 countries. It also reaches out beyond the business into the larger community. UDTL, through its CSR, is heavily involved in education, health, and infrastructure projects for the improvement of living standards and access to healthcare within remote communities. This helps in positive relations with the communities, thereby enhancing the reputation of the company as this contributes toward inclusive growth. Overview The UDTL BRSR for FY 2023-24 identifies how the company has integrated sustainable practices into its core operations, addressing the key environmental, social, and governance challenges identified. Having identified this critical paradigm, UDTL is on wheels to position itself as a responsible corporate leader in the oil and gas sector. Innovation, quality, and sustainability stand at the edge of all actions in UDTL, which are the areas assuring further success within national and international markets. Source: BRSR Credit: United Drilling Tools Limited