Jindal Saw enters strategic alliance with Hunting Energy Services

NEW DELHI: Pipe maker Jindal Saw has entered into a strategic alliance with global upstream equipment maker Hunting Energy Services to bring in seamless casing and tubing technology to the country that could partly help substitute imports worth $200 million a year.

Under the partnership, Hunting will share its patented premium connection technology with Jindal Saw, who would in turn use the technology to manufacture the seamless casing and tubing, used mainly in drilling activity in the oil and gas sector.

Exploration and production activity has expanded in recent years in India, creating demand for more rigs, oilfield services and equipment, triggering big interest from foreign suppliers.


"India's demand for seamless pipe with premium connections has till now been covered through imports. Now with this partnership for manufacturing top quality seamless pipes in India, the nation can look at reduction in their imports," said Jim Johnson, CEO, Hunting PLC.

India currently imports seamless casing and tubing worth $200 million a year, according to Jindal Saw group CEO Neeraj Kumar.

"There is a huge demand of premium connections in the domestic market and with this strategic partnership, we hope to get a substantial portion of the market share," Kumar said.