What we do Oil Country Tubular Ltd manufactures casing, tubing, drill pipes, and related products for oil and gas drilling and exploration, serving the energy sector globally. |
Founded in 1,985 |
Market share A leading Indian integrated oil country tubular goods manufacturer with significant export revenues across North America, Middle East, and other regions. |
Problem solved Provides critical tubular products and services enhancing efficiency and safety in oil and gas drilling operations. |
Top clients or who we serve Supplies oil and gas exploration companies like ONGC, Oil India, and international clients including Baker Hughes and Syrian Petroleum. |
Key management K. Suryanarayana, Chairman & Managing Director, leads the firm with a strong industrial background. |
Our journey and innovations Established integrated facility since 1989; expanded capacity twice; partnered with global leaders like Baker Hughes and Grant Prideco; modernized heat treatment plants. |
Where we operate India, USA, Canada, UAE, Azerbaijan, Middle East, and select global markets. |
Top products or what we offer Drill Pipes, Heavy Weight Drill Pipes, Tubing, Casing, Drill Collars, and Oil Field Accessories along with OCTG services. |
Top brands Key products include Drill Pipes and OCTG Services; known for high-quality, API-licensed oil country tubular goods. |
Raw materials needed Steel and alloy inputs conforming to strict quality standards for tubular goods manufacturing. |
Raw materials supplier Domestic suppliers complying with Government of India's steel procurement policies. |
Recurring vs cyclical contribution Revenues are largely cyclical, linked to the oil and gas exploration activity cycles. |
Our industry position Among leading Indian tubular goods companies with a robust presence in domestic and overseas markets, holding strategic partnerships and licenses. |
Financial highlights FY 2024-25 revenue Rs.122.9 Cr; EBITDA Rs.46 Cr; net loss Rs.31.86 Cr due to investment and revival costs. |
Geographical revenue split India (approx. 50%), USA, UAE, Azerbaijan, Canada, and others contributing the balance export revenues. |
Order book Active orders from ONGC and international clients worth Rs.155.51 Cr recently executed; bidding for new 2025-26 tenders ongoing. |
Whats driving growth Government Make in India policy, licensing for premium products, expanded engineering services, and diverse industry focus aid growth. |
Our future plans Capex planned in Engineering division for machining services expansion; focus on defense, aerospace, power sectors diversification. |
Our green promise - |
Our people and values Dedicated workforce emphasizing safety, quality, ethical standards, and inclusive corporate culture. |
Key challenges ahead Industry cyclicality, raw material price volatility, and competitive tendering remain challenges. |
Interesting facts One of the first Indian companies with full integrated oil tubular manufacturing and licensing tie-ups with global majors. |
Risks and strategy Mitigating market risks through diversification, compliance with policies, and strengthening operational efficiencies. |
