New OCTG Threading Plant in Nashik, Maharashtra
A joint venture between Jindal SAW and Hunting Energy Services will establish India's first premium OCTG threading plant in Nashik, Maharashtra. The plant will connect OCTG from India to various parts of the world and reduce imports for players in oil and gas drilling activities. The JV will invest $20-25 million, with a potential annual market size for premium OCTG in India close to $200 million. As of January 2022, the project is in the initial investment stage.
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