Hunting Energy Services will share their patented premium connection technology with Jindal SAW Ltd., who in turn will manufacture top quality premium seamless Casing and Tubing using the technology
August 16, 2019. By News Bureau
Hunting Energy Services has announced that it has entered into a strategic alliance with JINDAL SAW Ltd to bring in cutting-edge Premium Connections technology in India. Under the partnership between two leaders in their respective domain, Hunting Energy Services will share their patented premium connection technology with Jindal SAW Ltd., who in turn will manufacture top quality premium seamless Casing and Tubing using the technology.
Jim Johnson, CEO, Hunting PLC and Mr. Neeraj Kumar, Group CEO & Whole Time Director, Jindal SAW Ltd. signed the dotted line to seal the partnership, in presence of PR Jindal, Chairman Jindal SAW Ltd and other eminent dignitaries and senior officials of Hunting Energy Services and Jindal SAW.
On the occasion of the partnership, PR Jindal, Chairman Jindal SAW Ltd said that this alliance would be a step forward in the government of India’s “Make in India” initiative as promoted by the Government of India. “Jim Johnson, CEO, Hunting PLC said, “We are really glad to announce this strategic partnership with Jindal SAW Ltd., which will be a game changer for the overall industry. Both our strengths combined will bring in a revolution in the OCTG manufacturing & use in India. This will bring in a whole new cutting-edge range of premium seamless Casing and Tubing in the country.”
“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.” Johnson added.
This partnership will result in the manufacture of finished seamless Premium Casing and Tubing in India.
“We are pleased to join hands with Hunting and leverage their global expertise to manufacture premium connections. This is a huge step towards establishing a self-sustainable seamless pipe market in India. With this step, we will look at reducing our imports, in-turn saving substantial foreign exchange.”, said Neeraj Kumar, Group CEO & Whole Time Director, Jindal SAW Ltd.
“There is 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.” “I am really glad to be a part of this strategic move. Jindal SAW LTD is pleased to join hands with Hunting Energy Services to make a revolutionary move in the Industry. Jindal has always been a game changer in the industry and this strategic move again has put us a step ahead in evolving the industry. This will add value to and develop the local ancillary service industry as well” added Neeraj Kumar.
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