Jindal SAW, Hunting Energy JV set to produce premium connections for OCTG market, to replace imports

Jindal SAW Ltd and Hunting Energy Services Pte Ltd have invested ₹200 crore to set up India's first facility for producing and supplying pipes, tubes, and premium connections to the Oil Country Tubular Goods (OCTG) market. This facility will replace imports worth $200 million annually, support Indian Oil & Gas industry and have export potential, earning valuable foreign exchange.

Jindal Hunting Energy Services Ltd, a 51:49 joint venture of Jindal SAW Ltd and Hunting Energy Services Pte Ltd has set up India’s first facility for producing and supplying pipes, tubes, and premium connections to the  Oil Country Tubular Goods (OCTG) market.

The partners have invested ₹200 crore to establish this facility which will replace imports estimated at $200 million per annum. 

Thus far, products for this market had to be imported from other countries, putting a strain on the foreign exchange situation in India. 

This facility not only supports Indian Oil & Gas industry but also will have huge export potential thereby earning valuable foreign exchange for the country. 

The facility has come up inside Jindal SAW’s unit at Nashik. 

P.R. Jindal, Chairman, Jindal SAW Ltd. said with this initiative the group will be able to participate in the AatmaNirbhar initiative of the Government of India.

The facility is envisioned as a ‘Center of Excellence’, a unique establishment in this region, offering a comprehensive array of products and services within the OCTG sector of the Oil & Gas industry.