Tan says Jindal Hunting is a manufacturing hub for premium pipes
A Joint Venture between London-headquartered Hunting Energy Services Ltd and Jindal SAW Ltd said its Nashik factory is set to produce 70,000 metric tons of threaded OCTG for the Indian and export markets.
Jindal Hunting Energy Services Limited is designed to be fully supported by a seamless supply chain, drawing raw materials and inputs from the Jindal SAW across the country, said the JV partners on 18 Sept 2023 following the factory inauguration.
The facility is a ‘Center of Excellence’ capable of producing and supplying pipes, tubes and premium connections to the OCTG market within the Indian oil & gas sector.
“Thus far, all these products had to be imported from other countries, putting a strain on the foreign exchange situation in India. This facility will have huge export potential thereby earning valuable foreign exchange for the country, said the partners.
The facility’s versatility extends to threading Hunting’s premium connections, ranging from 2-3/8″ to 20″, and providing Large O.D. Welded Connectors, spanning from 20″ to 36″. This comprehensive range encompasses various grades in iron & steel, as well as alloy steel & exotic value-added grades.
“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,” said Daniel Tan, MD, Hunting Asia Pacific Segment.
“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,” elaborated Jim Johnson, CEO, Hunting PLC.
“This is a fantastic milestone, firstly with our strategic partnership with Jindal SAW Ltd back in August 2019 to the realization of the vision developed over the past four years, great progress has been made.” Fiinews.com
