28
Dec
08:52
Jindal SAW signs precision machine shop joint venture
India’s Jindal SAW has entered into a joint venture agreement with Singapore-based Hunting Energy Services. The former aims to set up a precision machine shop to thread premium connections in India for Oil Country Tubular Goods (OCTG) across the globe.
Jindal SAW and Hunting Energy will have a 51% and 49% stake respectively in the JV, Kallanish notes. The latter will provide its patented premium connection technology, which will be to thread premium connecti…
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