Business
India Facility Opening
India Facility Opening.
About this update from Hunting Plc
[{"type":"text","content":"\n\n\n\n\nFor Immediate Release\n\n\n18 September 2023\n\n\n\n \n \nHunting PLC\n \n(\"Hunting\" or the \"Company\")\n \nIndia Facility Opening\n \nLONDON, England. The following announcement has today been issued by Hunting's joint venture company Jindal Hunting Energy Services Limited.\n \nHunting PLC holds a 49% interest in the joint venture.\n \nFor further information please contact:\n \n\n\n\nHunting PLC\nJim Johnson, Chief Executive\nBruce Ferguson, Finance Director\n \[email protected]\n \n\n\nTel: +44 (0) 20 7321 0123\n\n\n\n\nBuchanan\nBen Romney\nBarry Archer\nGeorge Pope\n\n\nTel: +44 (0) 20 7466 5000\n\n\n\n \n***********\n \nPress Release\n \nPowering AatmaNirbhar Bharat of Tomorrow: Jindal Hunting Energy Services Ltd. (JHESL) Unveils State-of-the-Art Facility in India\n \n~JHESL plant is the only facility in India to manufacture and supply pipes & tubes with premium connections to OCTG market in oil & gas sector in India\n~ Annual threading capacity of the facility is 70,000 metric tons of OCTG\n \nNashik/New Delhi/Mumbai, September 18, 2023: In line with Indian Government's vision of AatmaNirbhar Bharat, Jindal Hunting Energy Services Limited, a Joint Venture between global giants Jindal SAW Ltd. & Hunting Energy Services Ltd. proudly announces the grand opening of their facility collocated at the seamless tube facility of Jindal SAW Ltd. at Nashik, Maharashtra today.\n \nThe newly launched facility stands as the inaugural and presently sole facility capable of producing and supplying pipes, tubes, and premium connections to the OCTG market within the Indian oil & gas sector. Thus far, all these products had to be imported from other countries, putting a strain on the foreign exchange situation in India. This facility not only supports Indian Oil & Gas industry but also will have huge export potential thereby earning valuable foreign exchange for the country. \n \nComplementing the team on this stupendous achievement Mr. P.R. Jindal, the Chairman of Jindal SAW Ltd. expressed his happiness and satisfaction that with this initiative the group will be able to participate in the AatmaNirbhar initiative of the Government of India.\n \nThe facility is envisioned as a 'Center of Excellence', a unique...