Jindal Hunting Energy Services Ltd, a 51:49 three way partnership of Jindal SAW Ltd and Hunting Energy Services Pte Ltd has arrange India’s first facility for producing and supplying pipes, tubes, and premium connections to the Oil Country Tubular Goods (OCTG) market.
The companions have invested ₹200 crore to determine this facility which can change imports estimated at $200 million every year.
Thus far, merchandise for this market needed to be imported from different international locations, placing a pressure on the overseas trade state of affairs in India.
This facility not solely helps Indian Oil & Gas business but additionally could have big export potential thereby incomes invaluable overseas trade for the nation.
The facility has come up inside Jindal SAW’s unit at Nashik.
P.R. Jindal, Chairman, Jindal SAW Ltd. stated with this initiative the group will have the ability to take part within the AatmaNirbhar initiative of the Government of India.
The facility is envisioned as a ‘Center of Excellence’, a singular institution on this area, providing a complete array of services throughout the OCTG sector of the Oil & Gas business.
The facility might be threading Hunting’s premium connections, ranging from 2-3/8” to twenty”, and offering Large O.D. Welded Connectors, spanning from 20” to 36”.
This complete vary encompasses varied grades in iron & metal, in addition to alloy metal & unique value-added grades.
Jim Johnson, CEO, Hunting PLC stated, “Today, both Jindal SAW and Hunting make history, with the opening of the JV’s full-fledged premium OCTG, accessories and manufacturing operations, in support of the Government’s “Make in India” initiative.”
“Hunting will work alongside Jindal SAW to provide the highest standards in quality and services in delivering the best premium OCTG and accessories to our valued customers in India and also abroad. We look forward to introducing more advanced Connection Technology as we progress along,” he stated.
“I am confident that this JV manufacturing hub will bring benefits to local O&G industry, and also play a part in India’s energy transition,” he added.
The facility is about to realize an annual threading capability of 70,000 metric tons of OCTG. It might be totally supported by a seamless provide chain, drawing uncooked supplies and inputs from the Jindal SAW facility in Nashik and different areas throughout the nation.
This superior facility boasts cutting-edge gear, on par with the most effective globally, that includes a excessive diploma of automation and complicated testing capabilities to ensure top-quality merchandise that meet the rigorous calls for of the oil & fuel sector.
Daniel Tan, MD, Hunting Asia Pacific Segment stated, “Both JSAW and Hunting have come a long way, starting from sharing an idea in forging a strategic alliance and finally to a fully-fledged JV manufacturing hub for premium OCTG and accessories, built from greenfield.”
“With the JV manufacturing hun built next to Jindal SAW seamless pipe mill, and with easy access to Mumbai port, we provide world-class premium OCTG not only to the rapid growing domestic market in India, but also serve as an important Gateway to the Middle East and Africa market,” he stated.
“The JV manufactring hub is truly a one stop shop for premium OCTG and accessories for both domestic and international customers,” he added.
(This author was in Nashik on the invitation of the corporate.)