Jindal Saw enters into joint venture agreement with Hunting
23rd Dec 2021

Jindal Saw has entered into a Joint Venture Agreement (JV) with Hunting Energy Services, Singapore (Hunting). A Joint Venture company will be incorporated in India with 51% shareholding to be held by the company and remaining 49% to be held by Hunting, with the object to set up a world class, state of the art precision machine shop (termed 'Centre of Excellence') to thread premium connections in India for Oil Country Tubular Goods (OCTG) including accessories for markets across the globe.

With this JV, Hunting will provide its patented premium connection technology, which will be to thread premium connection on seamless casing and tubing, used mainly in deep drilling activities in the oil and gas sector and become first in line to have such manufacturing facility in India. This JV would open the doors of premium connection for OCTG from India to various parts of the world and would act as an import substitution for players in Oil and Gas drilling activities thereby making India self-reliant in this segment. This JV is aligned with nation's vision of becoming ‘Atmanirbhar Bharat’.

Jindal Saw is a leading global manufacturer and supplier of Iron & Steel pipes and pellets having manufacturing facilities in India. Its products have application in oil and gas exploration, transportation, power generation, supply of water for drinking, drainage, irrigation purposes and other industrial applications.