Jindal Saw Limited has announced the following business outlook

A Jindal Saw release said that “Rising Demand for steel pipes is expected to be higher in the medium term on account of increased exploration activities and thrust on setting up infrastructure to transport oil and gas. In India, rapid economic growth faces an urgent need to develop and improve water supply, which would also increase demand for SAW pipes. Depleting oil reserves have led to increased exploration efforts, resulting in more wells in the exploratory rig. Demand for seamless pipes is directly proportional to the increase in digging of wells which is also expected to remain high.”

It added that “India is expected to see a spurt in construction of pipeline infrastructure as the country's spending on exploration and production and gas related pipeline CAPEX increases. It is expected that water and irrigation offer a very strong business opportunity in India, which will benefit Indian HSAW, ERW and DI pipe manufacturers, in addition to the opportunity from the energy sector.”

Jindal Saw follows a multi product approach to pipes, offering a full product portfolio of longitudinal submerged are welded, helical submerged are welded, seamless, DI pipes, anti corrosion coatings, connector casings and Hot reduction Bends. Its product portfolio allows it to comfortably straddle between value driven products and volume driven ones.