Union Budget 2025-26: ‘Sabka Vikas’ in the Tube & Pipe Industry
“A country is not just its soil; a country is its people,” said Finance Minister Nirmala Sitharaman as she presented the Union Budget 2025-26 on February 1, 2025,...
Crippa Sees Unstoppable Growth Potential in India
An OCTA Group company, Crippa S.r.l. provides innovative solutions for tube processing- tube bending and shaping machines. Surprised by the inexorable growth of the Indian economy...
Ashirvad Pipes to Commence Manufacturing Facilities in Chennai and Hyderabad
The acquisition of Ashirvad Pipes by Aliaxis has proven to be a transformative milestone, solidifying Ashirvad’s position in India’s pipe manufacturing industry...
Jindal Tubes Aims to Lead MLC Pipes Market with New Facility at Andhra Pradesh
Jindal Pe-x Tubes Private Limited, a pioneering force in the plumbing pipe manufacturing industry, aims to become one of the largest producers of MLC pipes in India with...
Insta Pressfit®: Redefining Stainless-Steel Piping with Innovation
Founded in 2016, Insta Pressfit® has transformed the stainless-steel piping industry with its innovative, hygienic, durable, and installation-friendly solutions. By 2023...
Renny Strips: Redefining Steel Excellence with Sustainable Manufacturing
Going by a combination of technological excellence, sustainability and superior quality, Renny Strips Private Limited (RSPL) continues to set new benchmarks in the steel and pipe manufacturing sector....
VR Coatings Eyes New Markets in Southeast Asia, North America, South America
VR Coatings Private Limited is planning to expand its manufacturing facilities, strengthen its distribution networks in emerging sectors and explore new markets in Southeast Asia...
MACHINERY
Parco A.G. Corp to Enhance Presence in the Middle East & Saudi Arabia
Parco A.G. Corp, a Taiwan-based industrial machinery manufacturer and engineering company, is sharpening its focus on stamping automation...
Founded by Christian Haeusler, the Switzerlandbased mechanical engineering company began as a small locksmith shop and has since expanded its presence to around 70 countries...
Warpp Engineers to Produce 6,500 Welding and Cutting Machines
Warpp Engineers Private Limited, a manufacturer of welding machines, welding automations, plasma cutting CNC machines and welding SPMs, is targeting to manufacture 6,500...
Han Jie Machinery Company Developing New Tube Bending Machine with Rotating Head...
Founded in 2002, Han Jie Machinery Company Limited has always maintained continuous
and research and development adopting the three turn-keys of
By increasing disposable income, the government banks on a demanddriven recovery with ripple effects across multiple industries.
Consumption Over Capex: The Government’s Bold New Bet
The Union Budget 2025-26 arrives at a critical juncture, shaped by global economic headwinds, fiscal constraints, and the need to sustain growth amid stagnating consumer demand and sluggish private investment. It signals a shift from investment-led to consumption-driven growth, balancing fiscal prudence with demand stimulation through personal tax cuts while moderating capexled growth. This recalibration presents both opportunities and uncertainties. Continued public investment ensures stability, but reduced capital outlays may restrain long-term growth.
In recent years, India’s growth strategy relied heavily on capital expenditure, with infrastructure playing a key role. However, the 2025-26 budget marks a shift. Capex stands at D 11.21 lakh crore, increasing by just 10.1% over the previous year’s revised estimates, a sharp slowdown from the 37.4% rise in the previous fiscal cycle. This moderation is evident in infrastructure allocations. The Ministry of Road Transport and Highways has seen only a 3% budget increase, while railways and urban development have witnessed muted growth. The rationale appears to be a shift toward stimulating consumption rather than focusing on asset creation. However, lower infrastructure spending could dampen job creation, restrict longterm economic expansion, and curb demand for steel, cement, construction, and heavy machinery industries reliant on government projects for growth. For the steel industry, the backbone of infrastructure and manufacturing, the budget presents a mixed picture. Continued investment in transport networks, urban renewal, and mass transit systems sustains demand. The D 2.55 lakh crore allocation for railways and D 2.78 lakh crore for highways ensures steel remains central to India’s infrastructural ambitions. However, pressing concerns remain unaddressed. The steel industry sought increased protective measures against cheap imports, particularly from China, but the budget only proposes a temporary safeguard duty, with implementation still uncertain. While green steel production remains a policy priority, the Ministry of Steel’s request for D 15,000 crore in incentives has not been explicitly granted, raising concerns about the government’s commitment to fostering a self-reliant, competitive steel sector. Despite restrained capex, the budget’s core theme is reviving consumption to reinvigorate economic momentum. Significant personal tax cuts, expected to inject D 1 lakh crore annually, aim to boost household spending. By increasing disposable income, the government banks on a demand-driven recovery with ripple effects across multiple industries.
For the tube and pipe industry, closely linked to both infrastructure and consumer-driven segments, this shift holds promise. Increased consumer spending drives demand in real estate, automotive, and manufacturing sectors, all heavily reliant on steel products. Additionally, as infrastructure projects continue, albeit at a moderated pace, fresh demand for raw materials will still emerge. Heavy industry growth may slow short-term, but a consumption-led stimulus could open alternative avenues for expansion.
If the bet on consumption pays off, namely spurring private investment, accelerating job creation, and fueling industrial demand—the economy could transition to a more sustainable, self-reinforcing growth trajectory. For the tube and pipe industry and others, the evolving economic landscape demands adaptability, innovation, and a keen eye on emerging demand patterns. The budget sets the stage; how industries respond will determine its real impact.
Priyank Jain, CEO Tulip 3P Media Private Limited
Union Budget 2025-26: ‘Sabka Vikas’ in the Tube & Pipe Industry
“A country is not just its soil; a country is its people,” said Finance Minister Nirmala Sitharaman as she presented the Union Budget 2025-26 on February 1, 2025, under the theme Sabka Vikas, emphasizing balanced growth across all regions. The budget is set to play a crucial role in accelerating the growth of the tube and pipe industry, a sector integral to infrastructure development, construction activities, oil & gas industry, water supply, and manufacturing segment. With key policy measures, financial allocations, and structural reforms, the government aims to shape demand, drive investment, and foster technological advancements in this industry.
Jal Jeevan Mission
One of the major announcements in the budget is the extension of the Jal Jeevan Mission (JJM) until 2028, with an outlay of INR 67,000 crore. Highlighting the mission’s impact since 2019, the finance minister noted that 15 crore households, representing 80 percent of India’s rural population, have access to potable tap water. The extended timeline and increased allocation will ensure the completion of 100 percent coverage while shifting focus to the quality of infrastructure, sustainable operations, and community participation. This initiative is expected to significantly
boost demand for PVC, HDPE, and ductile iron (DI) pipes, which are essential for water distribution networks across rural and urban areas.
Urban Challenge Fund
To strengthen urban infrastructure, the budget expands on the July 2024 proposals, introducing the Urban Challenge Fund worth INR 1 lakh crore to incentivize municipal governance reforms, urban planning, and improved services. The fund will support initiatives such as Cities as Growth Hubs, Creative Redevelopment of Cities, and Water & Sanitation, covering up to 25% of
project costs, provided at least 50% of funding comes from bonds, bank loans, or public-private partnerships. For FY 2025-26, an initial INR 10,000 crore allocation has been proposed.
SWAMIH Fund
The SWAMIH Fund 2, with INR 15,000 crore, aims to complete 1 lakh housing units, further stimulating demand for steel and plastic pipes in the construction sector.
UDAN
The budget also focuses on expanding regional connectivity, unveiling a revamped UDAN initiative. Since its launch, the scheme has
operationalized 619 routes and connected 88 airports, adding 120 new destinations. The renewed focus will support helipads and smaller airports in remote, hilly, and aspirational districts, particularly in the Northeast. India, currently the third-largest aviation market globally, will see 50 new airports in the next five years, including greenfield airports in Bihar and an expanded Patna airport. These developments will significantly increase demand for tubes and pipes, boosting the sector’s growth.
Boost to EV Sector
In addition to infrastructure and aviation, the budget eliminates basic customs duty (BCD) on key imported materials, including lithium-ion batteries. This move is expected to lower production costs in the electric vehicle (EV) segment, leading to increased demand for high-strength steel tubes used in EV manufacturing.
Industry Impact
JTL Industries has bagged an order worth INR 24 crore under the Jal Jeevan Mission for the supply of 3,000 metric tonnes of galvanized iron (GI) pipes. The leading manufacturer of section pipes and tubes, as well as Electric Resistance Welded (ERW) steel pipes in India, said that it has received the order from the Public Health Engineering (PHE) Department of Jammu for the supply of 3,000 MT GI pipes of assorted sizes, within the next 30 days.
“We are pleased to announce this significant order from the PHE Department, Jammu, under the Jal Jeevan Mission. The extension of JJM presents significant opportunities, and with our established track record as a trusted supplier to the government, JTL is well-positioned to support its next phase. As investments in water infrastructure rise, we see significant opportunities to create long-term stakeholder value, enhancing our visibility in the sector and further solidifying our commitment to India’s water security and rural development.” the company said.
Mr. Satish Kumar Agarwal, CMD, Kamdhenu Limited
Commenting on the budget, Mr. Satish Kumar Agarwal, CMD, Kamdhenu Limited, stated, “The Honourable Finance Minister Nirmala Sitharaman has presented a Budget that further strengthens India’s standing as the fastest-growing economy and builds on the clarion call of Aatmanirbhar Bharat. The allocation of INR 15,000 crore towards SWAMIH Fund 2 and the setting up of the INR 1 lakh crore Urban Challenge Fund for the redevelopment of cities will boost infrastructure development and demand for construction materials.”
Mr. Utkarsh Bansal, Executive Director, Utkarsh India
Mr. Utkarsh Bansal, Executive Director, Utkarsh India, also shared his optimism about the budget’s impact on his company. He said, “The Jal Jeevan Mission extension until 2028, aimed at providing tap water connections to rural households, not only benefits millions of families but
also signals a positive outlook for sectors such as PVC and steel pipes, aligning with Utkarsh India’s product offerings.”
Discussing the UDAN scheme expansion, he said, “With a focus on enhancing regional connectivity and infrastructure development, Utkarsh India is well-poised to contribute to this transformative journey, especially through high-mast installations.”
He also highlighted the modernization of cities through smart utilities and infrastructure integration, emphasizing the demand for innovative solutions. He further added, “Utkarsh India, with its expertise in infrastructure products like high masts and utility poles, is well-equipped to support the technological integration required for smart city frameworks.”
Furthermore, he pointed out the provision of INR 1.5 lakh crore in interest-free loans to states for infrastructure development, which is expected to fuel growth across multiple sectors. “This initiative will significantly benefit our product lines, including crash barriers, high masts, steel & PVC pipes, pre-engineered buildings (PEB), railway structures, towers, and more,” he said.
Concluding on a positive note, he stated, “Our forward-looking approach and strategic vision position Utkarsh India at the forefront of leveraging the growth opportunities arising from the Union Budget 2025, reaffirming the company’s commitment to excellence and innovation in the infrastructure sector.”
All in all, the Union Budget 2025, with its significant focus on construction and infrastructure development, increased water supply, and booming manufacturing sector, is poised to revolutionise the tube and pipe industry. Strategic policy interventions, financial incentives, and sustainability-driven initiatives will not only bolster domestic production but also position India as a global leader in the sector.
Crippa Sees Unstoppable Growth Potential in India
An OCTA Group company, Crippa S.r.l. provides innovative solutions for tube processing- tube bending and shaping machines. Surprised by the inexorable growth of the Indian economy, the company is constantly expanding its presence and acquisitions in India. Their “fully electric” technology for energy efficiency and environmental protection ensures cleaner and more sustainable production processes. Mr. Carlo Fratini, Business Development Manager at Crippa S.r.l. , revealed this and much more, during an exclusive interaction with Tube & Pipe India.
Tube & Pipe India: What is the significance of the Indian market for your company? What opportunities and challenges do you foresee in the Indian tube and pipe industry?
Carlo Fratini: OCTA Group has had a consolidated presence in the Indian market for years. India is no longer the future but represents the present. Automotive, aerospace and HVAC are constantly growing in this market
and this is why OCTA Group, with its recent expansions, acquisitions and new corporate structures, fully meets the high demands of the Indian industry.
Everything is growing in the Indian market. In Mumbai alone, 12 new metro lines are being built, with the construction of thousands of houses and buildings, thousands of kilometers of roads, with related
CF: Thanks to the inexorable growth of the Indian economy, the demand for processed tubes will be proportionally greater and equally inexorable. For this reason, OCTA Group is constantly expanding and growing. The acquisition of new companies is part of our routine. We have many surprises in store that you will soon know.
TPI: Crippa S.r.l. is known for innovative technology in tube and pipe machinery. Could you highlight some of your most advanced products or technologies?
CF: Since 1948, Crippa has been innovating the tube processing market, thanks to our pioneering vision. The unknown challenges are the driving force behind our daily research. Every year, we enhance our solutions with everything that the latest technologies have to offer. Our entire product range utilizes AI for daily production. Preventive and predictive maintenance are part of our standard.
Automation is our core business. High-productivity systems that
represent a “special” for our competitors are part of our standard catalog. It is increasingly difficult to find skilled operators with a high level of education, and this is why we have been focusing on automation for years, which limits human errors that can compromise the quality of entire production batches.
TPI: How can your technology help the Indian steel industry enhance productivity, efficiency and sustainability?
CF: Our product range sets the industry standard in tube bending with the R42 model, while the S2086+ model represents the pinnacle of tube forming technology. These fully electric, high-performance systems are designed to meet the most stringent sustainability requirements of the coming decades. India is experiencing exponential growth every day. Only by maximizing available resources, minimizing waste and reducing energy consumption can this growth be sustained. The OCTA Group designed its machines with these principles in mind.
TPI: How does Crippa S.r.l. ensure the sustainability of its products and solutions?
CF: We are pioneers in sustainability. Our “fully electric” technology for energy efficiency and environmental protection, which is still in its infancy for our competitors, is a distinctive mark for Crippa and OCTA Group. By choosing our products, our customers help the environment by making their production processes cleaner, more efficient, and more sustainable. The components that equip our machines boast an unsurpassed energy recovery rate. Everything is designed to minimize energy consumption in the entire system.
TPI: After-sales service is crucial in the machinery industry. Could you elaborate on the after-sales support that Crippa S.r.l. offers to its clients?
CF: Unlike traditional after-sales service and support offers, OCTA Group has a clear vision. Since the needs of each customer are different, our solutions must adapt flexibly to meet them. The focus of OCTA Group’s after-sales service and support is always the customer and their specific needs. We offer a full range of solutions for predictive and preventive maintenance. We have a complete catalog of spare parts in stock, as well as a wide portfolio of standard and customized training programs.
We help our customers in achieving enhanced efficiencies, better quality production, and improved
OCTA Group is constantly expanding and growing. The acquisition of new companies is part of our routine.
(L & R) Mr. Nicola Morsut, Area Manager & Mr. Carlo Fratini, Business Development Manager, Crippa
profitability. Our company listens to our customers’ needs and constantly develops and improves our products as a result of communication with our customers, who become partners and co-makers.
TPI: The global supply chain has faced significant disruptions in recent years, especially due to geopolitical factors. How has Crippa S.r.l. been affected by these disruptions?
CF: Despite the difficult and exceptional geopolitical situation, the world does not stop. OCTA Group, even in these difficult times, is able to provide assistance even in nations that will soon see better times. The most recent example is a large-scale fully automated system in Ukraine, in the HVAC sector.
TPI: Why do you prefer to work with Pradman as your partner in India?
CF: Our successful partnership with Pradman, headquartered in Mumbai,
has spanned nearly 15 years. This robust collaboration, rooted in our shared commitment to customer satisfaction and exceptional service, is poised for continued growth. Pradman’s extensive network across India enables us to provide our clients with even more efficient and comprehensive service.
India is no longer the future but represents the present.
DEE Development Engineers Announced INR 250 Crore Investment to Boost its Capacity
DEE Development Engineers has launched a new manufacturing plant in Anjar, Gujarat, with an annual capacity of 9,000 tonnes per annum. The second phase of expansion will enhance the capacity to 12,000 tonnes per annum.
Jan 22, 2025
DEE Development Engineers has announced expansion plans with a new manufacturing facility in Anjar, Gujarat with an investment of INR 250 crore and an annual capacity of 9,000 tonnes per annum. The leading process piping solution provider will increase the production capacity to 12,000 tonnes per annum in the second phase of expansion.
The facility will primarily cater to the rising demand in the oil & gas sector. INR 160 crore out of the total investment will be used to enhance the production capacity threefold to 27,000 per annum. The company plans to commission the remaining 15,000 tonnes of capacity by October 2025.
The rest of INR 90 crore will be utilized to establish a seamless pipe manufacturing facility, specializing in high wall thickness pipes, with a planned
annual capacity of 7,000 tonnes scheduled to be commissioned by January 2026.
Ashirvad Pipes to Commence Manufacturing Facilities in Chennai and Hyderabad
The acquisition of Ashirvad Pipes by Aliaxis has proven to be a transformative milestone, solidifying Ashirvad’s position in India’s pipe manufacturing industry. With its Bangalore R&T center currently serving as an innovation hub for the Asia-Pacific region, the company is driving advancements by re-engineering “Made in India” products with cuttingedge designs, ensuring both quality and innovation. To further strengthen its presence, Ashirvad is making substantial investments to establish new manufacturing facilities in Chennai and Hyderabad, set to commence operations by early 2026. In an exclusive interview with Tube & Pipe India, Mr. Partha Basu, Managing Director, Ashirvad by Aliaxis India , discusses the company’s latest developments and transformative projects that propel Ashirvad Pipes to unprecedented success.
Tube & Pipe India: How has the acquisition of Ashirvad Pipes by Aliaxis strengthened Ashirvad’s position in the Indian pipe manufacturing industry?
Partha Basu: The acquisition of Ashirvad Pipes by Aliaxis has played a pivotal role in strengthening Ashirvad’s position in India’s highly competitive pipe manufacturing industry. By leveraging Aliaxis’ global expertise and resources, Ashirvad has been able to enhance its manufacturing capabilities, improve logistics, and accelerate market penetration, particularly in highgrowth sectors such as plumbing, agriculture, and infrastructure.
Ashirvad’s established market presence, particularly in the southern and eastern regions, combined with its robust distribution network and talented workforce, has allowed the brand to expand rapidly across India.
This partnership has also enabled Ashirvad to offer innovative, high-quality products tailored to the growing demands of India’s infrastructure and water management sectors, positioning it as a leader in shaping the future of India’s water solutions/management industry.
TPI: Are any of the products manufactured by the company in India being exported to other countries, or are they primarily sold in the domestic market?
If exported, which regions or markets do these products serve?
PB: While majority of the products manufactured by Ashirvad in India cater to the domestic market, some portion of these are also exported to regions such as the Middle East, Southeast Asia, and Africa. Today, the Bengaluru R&T has emerged as a crucial innovation center for Aliaxis globally, working closely with labs in North America and Europe. The Bangalore R&T lab has contributed significantly to the global landscape. As the company expands, exports are expected to grow, particularly with the development of new product lines aimed at countries in South-East Asia, Middle East and neighbouring nations like Nepal, Bhutan, Sri Lanka etc.
TPI: How has Ashirvad Pipes’ integration with Aliaxis enhanced its manufacturing capabilities in India?
PB: The integration of Ashirvad Pipes’ deep-rooted local expertise with Aliaxis’s cutting-edge global technologies has significantly strengthened Ashirvad’s manufacturing capabilities in India. By adopting advanced manufacturing technologies, including automation, Ashirvad has optimized its production processes, improving both efficiency and quality. Furthermore, Ashirvad Pipes is making substantial investments in expanding its production capacity, with the establishment of new plants in Chennai and Hyderabad. Through this collaboration, Ashirvad Pipes continues to innovate, providing more sustainable and high-quality piping solutions to meet the growing needs of the Indian market.
TPI: Are there plans for further expansion in the Indian market, either in terms of new facilities, product lines, or geographic reach?
PB: Currently, we operate several plants located across Bangalore, Rajasthan, Odisha, and West Bengal. These along with subcon facilities contribute to a combined capacity of 300,000 MT/ annum.
While Ashirvad’s stronghold has traditionally been the South, holding a significant market share, we are actively working on geographic expansion into other parts of India.
The company is investing significantly to establish new manufacturing facilities in Chennai and Hyderabad with two of these plants expected to begin operations by early 2026. This will increase production capacity significantly. The company is also working on expanding its reach in other parts of India by increasing distribution touchpoints. Additionally, the company is exploring new product lines, particularly in water management, high-rise building plumbing systems, and advanced irrigation solutions.
TPI: Since Ashirvad Pipes became part of the Aliaxis group, how has the integration enhanced local manufacturing processes and product development?
PB: There has been a significant transfer of technology and expertise from Aliaxis’s global network to enhance Ashirvad’s local manufacturing processes and product development. Initially, Aliaxis introduced foreign technology to India, bringing strategic globalstandard products into the local market. Over time, this approach evolved, with the Bangalore R&T centre becoming a key innovation hub for the Asia-Pacific region. The lab now collaborates closely with key labs in North America and Europe.
Currently, the company operates several plants located across Bangalore, Rajasthan, Odisha, and West Bengal. These along with subcon facilities contribute to a combined capacity of 300,000 MT/ annum.
Mr. Partha Basu, Managing Director at Ashirvad Pipes
Earlier, many high-specification products were imported for India, making them cost-prohibitive. The Bangalore Innovation hub focused on re-engineering some of these products aligning with the ‘Make in India’ initiative while maintaining product quality, using innovative designs in the process. Some of these locally developed solutions are now being exported to nearby countries. Additionally, the integration has enabled Ashirvad to adopt best practices from Aliaxis’s global supply chain and IT systems, significantly enhancing our operational efficiency and product development capabilities, cementing our leadership position in both local and global markets.
TPI: What challenges does the Indian market present, and how has Ashirvad Pipes been able to overcome them to stay competitive?
PB: The Indian market presents a dynamic and diverse landscape, characterized by varying regional demands and intense competition. Ashirvad has embraced these market characteristics by building on its already strong foundation and has adopted a multi-faceted approach that emphasizes innovation, quality, and sustainability.
To expand our reach, we have
The company is exploring new product lines, particularly in water management, highrise building plumbing systems, and advanced irrigation solutions.
focused on penetrating semi-urban and rural areas while optimizing operational efficiency through automation. Strong relationships with key customer groups, such as plumbers and contractors, have been crucial in reinforcing Ashirvad’s reputation for reliability and product performance. Strategic investments in manufacturing capacity, research and development, and sustainability initiatives have allowed us to stay ahead of market demands and evolving regulations. By meeting local needs through our distribution partners and adhering to global best practices, Ashirvad Pipes continues to maintain its competitive edge in India’s rapidly evolving market.
TPI: What is Ashirvad’s strategy to tap into the growth potential of the Indian pipe and plumbing industry?
PB: India has emerged as one of the fastest-growing markets for Ashirvad, showing impressive growth over the years. During the COVID-19 pandemic, while many constructionrelated sectors saw temporary benefits from lower raw material costs, global markets began to plateau in 2021-2022 and even experienced declines in regions like China and Europe.
In contrast, the Indian market has consistently defied this trend, maintaining double-digit growth across the building and construction sectors, making it Aliaxis’s largest and fastest-growing market.
Ashirvad’s strategy to tap into India’s growth potential focuses on increasing production capacity, expanding geographically, and driving innovation in product development.
The company is investing in building new plants in Hyderabad, Chennai, and planning other necessary facilities, while prioritizing sustainable, high-tech solutions for advanced water management and high-rise plumbing systems. Over the next five years, Ashirvad expects its business in India to exceed EUR 1 billion in revenue. While optimistic about growth, the company’s focus remains on achieving it through strong processes and sustainability.
Jindal Tubes Aims to Lead MLC Pipes Market with New Facility at Andhra Pradesh
Jindal Pe-x Tubes Private Limited, a pioneering force in the plumbing pipe manufacturing industry, aims to become one of the largest producers of MLC pipes in India with its upcoming facility in Andhra Pradesh. This was revealed by the company’s Managing Director, Mr. Sahil Jindal, during an exclusive interaction with Tube & Pipe India.
Tube & Pipe India: Please provide a brief overview of your company, including its history, mission and values.
Sahil Jindal: Jindal Pe-X Tubes Private Limited, a part of the distinguished DS Jindal Group, was founded by visionary entrepreneur Arvind Jindal with a mission to transform India’s plumbing landscape through innovation and technology using plastic pipes. Our inception marked the beginning of a new era in plumbing solutions, blending quality, efficiency and technological advancement.
Going by our tagline, ‘Inspiring innovation,’ we embarked on a journey to revolutionize the Indian piping systems by introducing German-engineered Multi-Layer Composite (MLC) pipes to the market, a concept previously unexplored in the country. The introduction of these high-caliber pipes not only set us apart but also paved the way for a growing market that continues to welcome new entrants each year. Our journey has been fueled by a passion for excellence and a relentless pursuit of innovation. As we move forward, Jindal Tubes is dedicated to maintaining its leadership in the industry, ensuring that we continue to manufacture high-quality products that shape the future of plumbing systems in India.
TPI: Kindly walk us through your infrastructure setup. What is your annual manufacturing capacity?
SJ: Jindal Tubes’ manufacturing excellence lies in its stateof-the-art facility at Dehradun, Uttarakhand, accredited with ISO 9001:2008. This plant merges cutting-edge technology with an on-site testing laboratory, ensuring that every MLC pipe and fitting we produce meets the stringent standards for quality and reliability. Our current annual manufacturing capacity is 75,00,000 meters.
We are coming up with our second plant in Andhra Pradesh, which will be around five times the size of our Dehradun facility, and almost double our capacity. It is estimated to commence operations by the end of 2025.
TPI: What does the product basket of Jindal Tubes contain?
SJ: Jindal Tubes manufactures a variety of high-quality products that redefine the plumbing systems in India. These include two multi-layered products: a) Multi layer composite (MLC) pipes, and b) Silent drainage pipes that go by the name of Jindal Kwiet. We also produce other kinds of plastic pipes, such as CPVC, uPVC, SWR and HDPE. With an extensive range of MLC pipes and other products, Jindal Tubes offers a complete solution for all institutions, including hospitals, hotels and residential buildings.
TPI: Tell us more about Jindal MLC pipes.
SJ: Jindal Multi-Layer Composite (PE-AL-PE) pipe is our star product, which combines the advantages of metal & plastic pipes and eliminates the disadvantages of both materials at the same time. Since our MLC pipe comes in the shape of a coil, it can be easily bent in any desired shape and installed directly on the girder or inside the wall
Mr. Sahil Jindal, Managing Director, Jindal Pe-x Tubes Pvt. Ltd.
& cement concrete. Manufactured with food-grade polyethylene using the latest German technology, this light-weight, hygienic pipe ensures 30 percent more flow and has a working life of 50 years. The length of a single pipe can go up to 200 meters, which results in less number of fittings & joints, and fewer leak points.
We offer three varieties of MLC pipes. The black-colored Jindal Black MLC pipe is used for the supply of hot and cold water. The blue-colored Jindal Air Connect is an innovative, nextgeneration piping system, used in the distribution of compressed air and inert gas. It finds major applications in different industries. The yellowcolored Jindal Gas Connect Pipe is an ideal choice for indoor and outdoor installations, which conforms to stringent international standards for gas piping systems and multilayer piping technology.
Technically, the HDPE used in these pipes itself has a life of more than 100 years, so to be on the safer side, we say our MLC pipes have a working life of 50 years. However, the working life of an MLC pipe also depends on its application, whether it is being in the construction sector or other segments. MLC pipes have been in the international market for more than 50 years now. They are currently one of the best concealed products that can be used in plumbing operations and have a very bright future.
TPI: Kindly tell us about your market footprint.
SJ: We are doing retail sales all over India. Our marketing offices are spread across the length and breadth of the country. We do joint marketing
We are coming up with our second plant in Andhra Pradesh, which will be around five times the size of our Dehradun facility, and almost double our capacity. It is estimated to commence operations by the end of 2025.
for our MLC pipes & Kwiet silent drainage pipes, and separately for other products. In the infrastructure sector, we are getting a tremendous response from Hyderabad and Bangalore. It won’t be wrong to say that Hyderabad is probably our biggest market in the infrastructure segment right now. Since we cater to all major builders in Hyderabad, at times, it becomes tough to manage the business while sitting in North India. In order to cater to more places down South, we are coming up with a new factory in Andhra Pradesh, which will manufacture MLC pipes and Jindal Kwiet silent drainage pipes, along with other products.
TPI: Research and Development (R&D) plays a very important
team that has an edge over others. We regularly visit industry fairs & companies in Europe and other places, to see what’s new in the market. Our latest fittings, which we launched some 4-5 years back, have gone very well with the customers. They have a European finish because we use german raw materials. Besides, our moulds and even our ideas are inspired from Germany. We can easily segregate ourselves from others for this product.
TPI: How do you stay ahead of the curve?
SJ: The commitment of Jindal Tubes goes beyond just manufacturing. We aim to lead the charge in innovation and continue to meet the evolving needs of our clients. There is stiff competition in both the MLC and silent pipe markets. We get an edge over others by manufacturing everything in-house in India. This enables us to provide a cost-effective option to our customers, without compromising on quality.
TPI: What is your vision for the future?
SJ: Post Covid-19, the tube and pipe industry has witnessed robust growth, with many products registering tremendous hike in sales percentage. People have started experimenting with new products and are gradually making a switch-over to a better system, which shows their open mindset. Many European companies are selling their products here.
Our vision is very clear. With our upcoming factory in Andhra Pradesh, we aim to significantly enhance our
Insta Pressfit® : Redefining StainlessSteel Piping with Innovation
Founded in 2016, Insta Pressfit ® has transformed the stainless-steel piping industry with its innovative, hygienic, durable, and installationfriendly solutions. By 2023, the company secured a strategic partnership with Hisar Metal Industries Limited, enabling it to expand its product portfolio and strengthen its foothold in the commercial market segment.
In an exclusive interview with Tube & Pipe India, Mr. Nimit Varshney, Founder & CEO, Insta Pressfit ® shares insights into how Insta Pressfit ® stands out by leveraging cutting-edge technology, rigorous research and development, and industry-leading standards to ensure the highest quality and reliability in its offerings.
Tube & Pipe India: How would you describe your company’s journey since its establishment? What elements have played a significant role in the success of this journey?
Nimit Varshney: Founded in 2016, Insta Pressfit® was born out of a shared vision to revolutionize the stainless-steel pipe industry to provide innovative, hygienic, long lasting and installation friendly piping solutions.
With only a small team and limited funding, the early years were marked by significant hurdles, from building initial products to gaining market traction.
In 2016, Insta Pressfit® launched India’s first stainless steel food grade pipe, which quickly gained traction in the household plumbing market. The next years saw rapid growth, expanding our client base across pan India. By 2023, we secured a strategic partnership with Hisar Metal Industries Limited, which allowed us to expand our product in the commercial market segment.
TPI: Can you walk us through your journey in the stainlesssteel tubes & pipes segment?
NV: We started our journey with basic stainless steel food grade pipes and fittings and over time, evolved
Mr. Nimit Varshney, Founder & CEO, Insta Pressfit ®
to offer a wide range of specialized products, including precisionengineered fittings, high performance food grade pipe and custom finishes. This expansion has been driven by market demands for more advanced and reliable plumbing solutions, particularly in industries such as household, commercial buildings, hospitals and restaurants.
Our ability to adapt to market shifts has played a key role. For example, when many households and commercial buildings including hospitals were struggling with the problem of scaling and rusting of normally used CPVC pipes, Insta Pressfit® was able to provide the solution to scaling and rusting, ensuring both hygienic and longlasting food grade pipes.
Our success in this segment is rooted in our investment in cutting-edge technology, continuous R&D, and a deep commitment to delivering high-quality plumbing solutions. By understanding the specific needs of our clients and providing customizations such as tailored lengths, specialized finishes and innovative plumbing solutions, we have built strong relationships and established ourselves as a trusted manufacturer and supplier of stainless-steel pipes and fittings.
TPI: How has the association with Hisar Metal Industries helped you in your growth?
NV: One of the most important factors in our success has been our commitment to innovation. By partnering with Hisar Metal Industries Limited and investing heavily in research and development, Insta Pressfit® has been able to introduce pipes and fittings that not only meet market needs but also set new industry standards.
Our strategic partnership with Hisar Metal Industries Limited has expanded our reach and capabilities, and our focus on a customer-centric approach that has helped build a loyal base. Financial prudence, coupled with a strong, collaborative company culture, has enabled us to
navigate challenges and seize growth opportunities. All these elements, working together, have been instrumental in our journey.
TPI: In what ways do your stainless-steel offerings stand out from those of your competitors?
NV: Our stainless-steel food grade pipe and fittings offerings stand out in several key areas, making us a preferred choice for many segments.
First and foremost, we pride ourselves on the superior quality of our pipes and fittings. We use only high-grade stainless-steel alloys, ensuring exceptional resistance to corrosion and wear, which is critical for demanding applications in industries like household plumbing, hospitals etc. Our products also adhere to industry-leading standards, offering our customers confidence in both quality and reliability.
Additionally, our extensive customization options set us apart. We offer tailored solutions, including custom dimensions, surface finishes to meet the unique needs of each customer. This level of flexibility allows us to serve a wide range of industries, from household to hospitality and health care, with products that perfectly align with their specific requirements.
Through continuous research and development, we have introduced new technologies and coatings that enhance the performance and
durability of our stainless-steel pipes and fittings. We are also focused on providing outstanding customer service, with expert sales/engineers available to provide technical support and guidance throughout the entire project lifecycle.
Finally, our competitive pricing, quick turnaround times, and commitment to sustainability make our stainlesssteel pipes and fittings a superior choice in the market. Whether it’s through eco-friendly manufacturing processes, we ensure that our customers are getting the best value while also supporting environmentally responsible practices.
TPI: What special technologies are used to manufacture the SS product lines?
NV: Some of the special technologies used in the manufacturing of our SS product line include advanced manufacturing techniques, automation and precision, coating and finishing technologies, heat treatment and annealing, and lastly testing and inspection technologies.
Our stainless steel product lines are manufactured using a combination of cutting-edge technologies, ensuring high-quality, durable and precise products. We also utilize advanced coating and finishing techniques such as passivation and electropolishing to improve corrosion resistance and enhance the aesthetic appeal of our pipes. Furthermore, our heat treatment processes including controlled annealing that help us
improve the mechanical properties of our stainless steel pipes, ensuring they meet the specific requirements of critical applications in harsh environments.
TPI: Discuss about the infrastructure set up and your production capabilities for this segment.
NV: Our production capabilities are backed by a highly advanced infrastructural unit of Hisar Metal Industries Limited capable of handling both large-volume and custom orders. The facility is outfitted with state-of-the-art equipment such as high-precision CNC machines, automatic tube mills, draw benches, and pilger mills which enables us to produce a wide range of stainless steel pipes with various diameters, thicknesses and custom lengths.
We have an annual production capacity of over 1000 tonnes of stainless steel pipes, with the flexibility to scale up or down based on customer demand.
Hisar Metal Industries Limited manufacturing unit is designed keeping automation in mind, incorporating robotic systems for material handling, reducing human intervention, and enhancing efficiency. Additionally, the company follows lean manufacturing principles, ensuring reduced lead times and minimized waste throughout the
production process.
TPI: Can you tell us about your quality control and testing infrastructure?
NV: Quality control is a core aspect of our manufacturing process, and Hisar Metal Industries Limited utilizes advanced testing equipment to ensure the highest standards of product reliability and performance. All our stainless steel pipes undergo rigorous dimensional checks using automated measurement systems that ensure compliance with precise tolerances. Additionally, all pipes are subjected to mechanical and corrosion resistance tests to ensure they meet the required industry standards.
Other testing and inspection measures incorporated by the company for ensuring the quality and reliability of the stainless steel products include Non-Destructive Testing (NDT), dimensional and surface quality check, and certification and compliance.
Hisar Metal Industries Limited manufacturing process is fully compliant with ISI 6911:201 for coil manufacturing and ISO 14001:.2015 certifications, guaranteeing that our pipes meet both customer and regulatory specifications.
TPI: Please elaborate on the most recent innovation you have integrated into your
manufacturing processes. What new products are you planning to launch within this category?
NV: Some of the recent innovations include advancements in stainless steel grades, crimping technology for fittings, anti-corrosion coatings and surface treatments, innovations in pipe bending and fabrication and lastly lightweight stainless steel pipes innovation
We have introduced newer grades of stainless steel, such as 304L and 316L, which are being used more frequently in plumbing systems for their corrosion resistance and longlasting durability. These materials are particularly valuable in environments with high levels of moisture or chemicals (e.g., coastal areas or industrial settings).
Further, crimping technology for stainless steel pipes and fittings have become more common. These systems offer quick installation without the need for welding, making them ideal for residential and commercial plumbing applications. These fittings are designed to be both strong and leak-proof, reducing installation time and potential failure points.
Moreover, new surface treatments are being developed to further improve the corrosion resistance of stainless steel pipes, especially for plumbing in highly corrosive environments like coastal areas or in industrial
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Further, we have made significant advancement in pipe bending technology, with machines now capable of bending stainless steel pipes to tighter radii and more complex shapes without compromising the pipe’s structural integrity. This allows for more customized plumbing installations, reducing the need for additional fittings.
And lastly, while stainless steel pipes are generally known for their strength, recent innovations have led to the development of lighter-weight stainless steel pipes that retain the same strength and durability while making them easier to handle and install.
TPI: In which industries do your SS tubes and pipes find application? Are there any new sectors you are considering for expansion?
NV: Stainless steel (SS) tubes and pipes have a wide range of applications across various industries including construction, oil and gas, food processing, pharmaceuticals, automotive, and aerospace, due to their excellent combination of corrosion resistance, strength, durability, and versatility.
With new innovations in material properties, as well as the continued growth of sectors like renewable energy, biotechnology, and water treatment, there is significant potential for expansion into emerging markets.
In the construction and plumbing segment, SS tubes and pipes find application in water supply and drainage systems, especially in highhumidity environments or areas prone to corrosion. It is also used in the fire protection system where stainless steel is preferred for fire sprinkler systems due to its high temperature resistance and strength.
SS tubes and pipes has also found application in the oil and gas sector where it is used in offshore and
onshore drilling rigs. The pipes are used to withstand extreme pressures and harsh chemical exposure. It is also used for transporting fluids (e.g., crude oil, natural gas) through pipelines. SS tubes and pipes are used in refineries and petrochemical plants as they have high resistance to corrosion, especially in environments with hydrogen sulphide, chlorides, and other corrosive materials.
Further, SS tubes and pipes are used in the food and beverage industry for processing and transportation of liquids (water, milk, juices, etc.), ensuring hygiene and resistance to corrosion. Stainless steel is also used in the brewery systems, wine production, and dairy production, where it is the preferred material for tanks, pipes, and tubing. SS steel is used in food processing equipment, as it is easy to clean and doesn’t contaminate the product.
In chemical and pharmaceutical industries, SS tubes and pipes are utilized in the piping systems for chemical transport and reaction chambers. The process piping is also used for liquid and gas transfer in production plants. It also finds function in pharmaceutical manufacturing, including high-purity applications, where sanitary standards are paramount.
Moreover, stainless steel is used in aerospace and aviation because it is a lightweight yet strong compound, enough to handle the pressures in aviation systems. It is resistant to fatigue, corrosion, and wear in demanding environments. Moreover, stainless steel’s thermal resistance makes it suitable for high-heat environments like aircraft engines. Some of the applications include aircraft fuel lines, hydraulic systems, and ventilation systems. It is also used in parts like tubing for oxygen systems and fuel injection lines.
Finally, in the automotive industry, stainless steel is widely used for exhaust systems such as exhaust pipes and mufflers due to its high resistance to heat, corrosion, and the harsh conditions in engine compartments.
It is also used in fuel lines, brake lines and coolant piping. Moreover, structural components in vehicles, such as roll bars, frame reinforcement, and body panels also use stainless steel.
Some of the emerging sectors and opportunities for expansion of SS tubes and pipes include renewable energy and water treatment and desalination. Stainless steel tubes are being used in solar panel frames and in the plumbing systems for concentrated solar power (CSP) plants. It is also increasingly used in the production of structural components and piping for wind turbines.
As the renewable energy sector grows, stainless steel’s role in supporting the infrastructure for both solar and wind power plants is expected to increase.
Apart from that, stainless steel is also used in pipes and tubes for transporting water, as well as in the reverse osmosis process. It facilitates water treatment systems for municipal, industrial, and wastewater management.
TPI: What strategies do you employ to maintain brand visibility?
NV: Maintaining and enhancing brand visibility is a multi-faceted effort, especially in industries like stainless steel pipes and fittings where competition can be fierce and the market can be highly specialized.
Some of the key strategies used by us to boost and maintain brand visibility are digital marketing and online presence, attending and exhibiting at major industry-specific trade shows, networking and strategic partnerships, product innovation and brand positioning, customer-centric engagement, and email marketing and automated campaigns.
Having a user-friendly, SEOoptimized website is a core part of our digital marketing and online presence, ensuring that our potential customers can easily find our products and services. Regularly publishing
industry-relevant content, such as blog posts, case studies can position our brand as a thought leader. Moreover, leveraging platforms like Facebook, LinkedIn and Instagram for both B2B and B2C engagement is running on. Posting regular updates, product features, behind-the-scenes looks at manufacturing, or industry awards and certifications helps build both trust and awareness. Platforms like YouTube are also under planning to be used as an effective medium for showcasing product demonstrations, installation processes, and customer success stories. Paid Advertising (PPC) such as running Google Ads or social media campaigns can increase visibility among users actively searching for stainless steel piping solutions.
Furthermore, email marketing and automated campaigns keep the brand top of mind. Collaborating with industry influencers, and creating an affiliate marketing program where distributors, consultants, or even end-users get a commission for recommending your products can be a great way to expand your reach.
Regularly releasing new products or improvements to existing ones is essential for brand visibility and brand positioning. The growing demand for eco-friendly products globally, and products made using recycled materials can position our stainless steel pipes as sustainable, attracting environment-conscious customers.
Moreover, providing exceptional after-sales support, offering easy warranty claims, loyalty programs and incentives, technical support, and rapid delivery systems builds customer loyalty and encourages repeat business.
In the competitive market for stainless steel pipes and tubes, maintaining brand visibility requires a multichannel approach. By leveraging digital marketing, engaging with industry-specific events, fostering strong customer relationships, focusing on innovation, and building a reputation for quality and sustainability, brands can not only maintain but also grow our visibility across target markets. Whether the goal is to increase market share in plumbing, oil and gas, automotive, or renewable energy, a cohesive strategy is essential to building long-term brand recognition and trust.
TPI: Sustainability is increasingly important for businesses today. How significant is it in shaping your company’s identity, and what measures do you take to uphold it?
NV: For Insta Pressfit®, sustainability isn’t just a moral imperative—it directly influences the brand’s identity, competitive positioning, and customer loyalty.
Sustainability plays such a critical role in terms of customer expectations, long-term financial performance, regulatory compliance, and employee and community engagement.
Sustainable practices in manufacturing, such as resource optimization, waste reduction, and energy efficiency, can reduce costs in the long run. Investors and stakeholders are increasingly focusing on businesses that align with Environmental, Social, and Governance (ESG) criteria. Sustainability has become a valuable asset in attracting investment, securing government grants, and gaining access to green financing.
Moreover, governments and regulators are introducing stricter environmental standards such as carbon emissions targets, waste disposal regulations, and sustainable sourcing rules. Businesses that integrate sustainability into their operations are better prepared for compliance, and this helps avoid penalties and ensures smoother market access.
Local communities are more likely to support businesses that invest in sustainable development and practice corporate social responsibility (CSR), building goodwill and improving brand reputation.
To ensure that sustainability remains a key focus and is actively upheld, Insta Pressfit® has implemented a range of strategic measures. We adhere to energy efficiency in the production process and ensure waste reduction and recycling. We also incorporate recycled steel and provide supply chain transparency. Additionally, we design and innovate durable and long-lasting products and ensure sustainable coatings and materials. Reducing the use of plastic packaging or switching to recyclable materials for product packaging can further reduce the environmental impact of the product lifecycle. To further reduce the carbon footprint in shipping, we often look for ways to optimize logistics, such as using more fuel-efficient vehicles, reducing transportation distances, or consolidating shipments to minimize emissions. Moreover, we are obtaining environmental certifications and eco-labelling. We also provide sustainability training to our employees and incentivize sustainable practices.
TPI: Could you outline the challenges you have faced
recently that have affected your operations?
NV: The challenges faced are multifaceted, ranging from supply chain disruptions to technological transformations and regulatory changes.
These challenges created significant operational hurdles, affecting everything from cost management to timely product delivery. However, through adaptation, investment in technology, strategic partnerships, and a commitment to sustainability, Insta Pressfit® not only overcame these obstacles but also positioned itself for long-term success in an increasingly competitive and environmentally-conscious marketplace.
TPI: What is your company’s vision over the next five years? What additional steps would you need to take to realize this vision?
NV: Our vision for the next five
years is to become a global leader in the production of high-quality, sustainable stainless steel pipes and fittings, leveraging cutting-edge technology, a circular economy approach, and customer-centric solutions. We aim to contribute to building a more sustainable and connected world by providing durable, eco-friendly piping solutions across diverse industries.
Some of the key aspects of this vision include global expansion, sustainability leadership, technological innovation, customercentric growth, and operational excellence.
To achieve this ambitious vision, Insta Pressfit® is dedicated to focus on several key strategic initiatives and operational steps such as investing in sustainable manufacturing, expanding market reach and global presence, diversifying geographic markets, and leveraging e-commerce and digital marketing.
The company further drives technological innovation through smart manufacturing and industry and product innovation like smart pipes and sensors. To strengthen customer relationships and service offerings, they plan to provide customer support and technical services, and customization and niche markets.
To strengthen internal capabilities and operational efficiency, the company plans talent development and recruitment, lean manufacturing and supply chain optimization, digitalization of operations, and achieve regulatory compliance and certifications.
By leveraging these initiatives, Insta Pressfit® plans to strengthen its position as a leader in the global stainless-steel pipes and fittings market.
Renny Strips: Redefining Steel Excellence with Sustainable Manufacturing
Going by a combination of technological excellence, sustainability and superior quality, Renny Strips Private Limited (RSPL) continues to set new benchmarks in the steel and pipe manufacturing sector. Having production capacity of 300,000 MTPA, RSPL produces 90 percent of its raw materials in-house and operates a 22 MW solar energy plant, leading to reduction of energy consumption by 75 percent and greenhouse gas emissions by 86 percent. Mr. Sarthak Gupta, CEO, Renny Strips Private Limited, revealed in an exclusive interaction with Tube & Pipe India that the company aimed to reduce its carbon emissions by 75 percent, making it compliant with CBAM regulations.
Tube & Pipe India: Please provide a brief introduction to the business journey of Renny Strips Private Limited, highlighting major achievements and crucial milestones.
Sarthak Gupta: Since its inception in 1996, Renny Strips Private Limited has been a driving force in India’s construction industry, particularly in the building material section. Founded by visionary leaders Mr. Dev Gupta and Mr. Binny Gupta in Ludhiana, Renny started with a mission to revolutionize the market with innovative, sustainable and competitively priced solutions.
Over the years, Renny has expanded into four major divisions - coils, pipes, scaffolding & formwork, and industrial paints - establishing itself as a market leader. Renny boasts of three state-of-the-art manufacturing facilities in Punjab with a production capacity of 3,00,000 MTPA, offering over 1,000 SKUs. The company’s product range includes premium quality HR coils, MS black, and galvanized round & hollow sections. Our products meet international standards such as BIS, EN, ASTM, and AS. Renny is certified with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and EN 1090-2:2018.
The company has continued to innovate and grow under the next generation of leadership, represented by Mr. Sarthak Gupta. He spearheaded the launch of the scaffolding & formwork division and integrated modern technologies like AI-driven quality checks & IoTbased monitoring systems. Renny’s commitment to sustainability is evident in its advanced manufacturing practices and substantial reduction of carbon emissions through its solar energy plant. Renny’s diversified
product offerings, including its fast-growing industrial paint division, continue to enhance its competitive edge. The company remains dedicated to expanding its product range, adopting sustainable manufacturing practices, and increasing its production capacity to maintain its position at the forefront of the industry. With an eye on both domestic and international markets, Renny is committed to delivering unmatched value and shaping the future of construction in India and beyond.
TPI: Kindly walk us through the company’s manufacturing facilities, infrastructure and machinery setup along with production capacity, with regard to Renny’s Pipes & Tubes Division.
SG: Renny’s Pipes & Tubes Division in Ludhiana, Punjab, is a state-of-the-art facility certified by TUV Rheinland for structural steel components under EN1090 standards. Utilizing advanced manufacturing processes, Renny ensures precision, uniform dimensions and standardized fittings, complemented by a hot-dip galvanizing process with a minimum zinc coating of 385 GSM for superior durability. Renny maintains a strategic inventory to ensure swift dispatches and meet immediate industry demands, reaffirming its commitment to delivering top-quality, reliable products for various industrial applications.
TPI: What are the key products offered by Renny in the pipes and tubes segment? How do you ensure quality and consistency across your product lines?
SG: Renny offers a versatile range of ERW pipes and tubes, including round, square (SHS), and rectangular (RHS) sections, available in finishes such as black, galvanized (GI), and color coated. Our portfolio features four distinct brands: Renny Bold (black round pipes), Renny Hero (hollow section pipes), Renny Guard (hot-dip galvanized pipes with 385 GSM zinc coating), and RSP (scaffolding pipes), catering to a wide range of applications in construction, water supply, firefighting and industrial engineering. With sizes ranging from 33-127 mm OD, thicknesses of 1.4-5.5 mm and compliance with global standards like IS:1239, BS1139, and EN 10219, Renny ensures superior performance and reliability.
TPI: How do you ensure quality and consistency across your product lines?
SG: The company’s robust quality assurance program includes hydro, drift, spectro, eddy current, bend &
flattening tests, as well as detailed weld inspections, digital hardness testing, and automated strength & weight checks. Comprehensive post-weld treatments, precise measurements and CMM-based assessments for thread pass, coating and squareness further enhance product reliability & performance. Backed by a stringent quality management system (QMS) involving advanced raw material testing, multi-stage inspections and certified test reports, we combine cuttingedge technology and precision manufacturing to deliver products that consistently meet the highest industry standards.
TPI: Sustainability is a growing concern in the industry. How has Renny integrated eco-friendly practices into its operations?
SG: Renny has integrated several ecofriendly practices into its operations to address sustainability concerns. The company operates a 22 MW solar energy plant, which significantly reduces its energy consumption by 75 percent and cuts greenhouse gas emissions by 86 percent. Renny also focuses on using 100 percent recyclable steel and advanced manufacturing processes to minimize environmental impact. Additionally, the company has implemented rigorous water conservation measures and promotes a Circular Economy through effective waste management.
These initiatives reflect Renny’s commitment to sustainability and reducing its carbon footprint while maintaining high-quality standards in its products.
TPI: What are the biggest challenges you see in the steel and pipe manufacturing sector today? How does Renny address these challenges?
SG: The steel and pipe manufacturing sector faces several significant challenges today, including raw material price volatility, low adoption of modern technology, a fragmented market, stringent regulatory standards, and environmental compliance. To combat raw material price volatility, Renny has integrated plant facilities that produce 90 percent of its raw materials inhouse. This reduces dependency on external suppliers and minimizes cost fluctuations. Renny leverages state-of-the-art technologies such as CNC machines, robotic welding, IoT-enabled monitoring, and AR/ VR training to ensure precision, efficiency, and innovation in manufacturing.
By focusing on high standards of quality and obtaining certifications like EN 1090, Renny ensures superior products that help the company to stand out in a competitive market. Rigorous testing protocols further reinforce its commitment to quality. The company is deeply committed
L to R: Mr. Binny Gupta, Director, Renny Strips Private Limited and Mr. Sarthak Gupta, CEO, Renny Strips Private Limited
to sustainability, operating a 22 MW solar energy plant that achieves a 75 percent reduction in energy consumption and cuts greenhouse gas emissions by 86 percent. It also implements advanced water conservation measures and promotes a Circular Economy through effective waste management. Renny’s carbon emissions are already 50 percent
lower than the industry average and the company is aiming to achieve a 75 percent reduction. This ambitious goal not only strengthens compliance with CBAM regulations, but also offers significant benefits to customers by aligning with their sustainability objectives.
By combining technological
excellence, sustainability and superior quality, Renny addresses these challenges and continues to set new benchmarks in the steel and pipe manufacturing sector. This approach ensures they remain competitive and capable of meeting the evolving demands of industries like construction, automotive and energy.
India’s Gas Pipeline Network Set to Increase by 10,805
km
India’s natural gas pipeline network is expected to increase by 10,805 km, as stated by the Ministry of Petroleum and Natural Gas. This expansion is a significant step toward completing the national gas grid, and ensuring uniform availability of natural gas across all regions in the country.
Jan 10, 2025
The Ministry of Petroleum and Natural Gas announced that India’s natural gas pipeline network is expected to increase by 10,805 km, adding to the current operational network of 24,945 km.
This expansion is a significant step toward completing the national gas grid, and ensuring uniform availability of natural gas across all regions in the country.
The Petroleum and Natural Gas Regulatory Body (PNGRB) is working with state governments to streamline the gas pipelines and reduce its associated costs. The costs of laying pipelines vary significantly across states, ranging from INR 60,000 per metre
in some regions to as low as INR 2,000 per metre in others.
VR Coatings Eyes New Markets in Southeast Asia, North America, South America
VR Coatings Private Limited is planning to expand its manufacturing facilities, strengthen its distribution networks in emerging sectors and explore new markets in Southeast Asia, North America and South America. This was revealed by Mr. Vincent Felix D’Souza, Chairman & Managing Director, VR Coatings Private Limited , during an exclusive interaction with Tube & Pipe India.
Tube & Pipe India: Kindly walk us through your business journey, highlighting major achievements and crucial milestones.
Vincent Felix D’Souza: VR Coatings Private Limited was established in 1985 with a vision to provide highquality reciprocating pumps for airless spray painting and dispensing applications. Over the years, the company has evolved into a leader in fluid handling solutions, catering to various industries such as automotive, general manufacturing, construction and more. The company forayed into airless spray painting solutions in the 1990s. The next decade saw the introduction of advanced dozers, pressure regulators and back-pressure valves. In the 2010s, VR Coatings developed automated systems for painting and dispensing applications. In recent years, we have expanded our footprint in international markets with a subsidiary in Germany.
TPI: Please give details about your infrastructure setup. What is your annual manufacturing capacity?
VFD: We have our head office and a factory spread over an area of 40,000 sq ft in Pune. Our second factory in Maharashtra, spread over 60,000 sq ft, is located in Wai. Our manufacturing facility is equipped with state-of-theart CNC machines, VMCs, fabrication units and automated assembly lines. We have a dedicated Design & Development team, a quality control center and a well-integrated supply
chain for seamless production. Our warehouse and logistics capabilities ensure efficient distribution across various markets. We have more than 60 people working in the sales and service sector in regional offices across India. Not only do we have our own teams based in Bangalore, Nagpur, Ahmedabad, Delhi, Kolkata, Chennai, Nashik and Hyderabad, but we also have our dealer and distributor network across the globe.
TPI: What does the product basket of VR Coatings Private Limited contain for the tube & pipe industry?
VFD: Our product range includes airless spray pumps, automated systems for spray painting (internal and external), plural component spraying system, pressure regulators, back pressure valves, polyurea equipment and automatic on/off valves & ball valves. For the tube and pipe industry, we offer specialized high-pressure spray pumps and coating spray systems that enhance surface protection, increase durability and ensure even application. Our systems are widely used in anticorrosion coatings, internal pipe coatings and industrial painting applications.
TPI: How do you stay ahead of the curve?
VFD: We have a unique proprietary technology, which makes us stand out in competition. Our pneumatic motors use double spool operation for efficiency, making it extremely
easy to service. Our valves, regulators and ball valves can handle pressure up to 500 bar. Our tailored solutions for various applications ensure optimal performance. We also provide customized solutions and specific equipment for different industries, including sealants, adhesives, grease and pharma applications.
TPI: Kindly tell us about your market footprint.
VFD: VR Coatings has a strong presence at both Indian and global level. Our products are widely used in the automotive, construction and manufacturing industries. We are planning to explore new markets in Southeast Asia, such as Indonesia, Thailand & Vietnam; North America, such as the US & Canada; and South America, including Mexico, Chile & Argentina.
TPI: Research and Development plays a very important role in the
growth of a company. Please elaborate.
VFD: Research and Development (R&D) is at the core of our business strategy. We continuously innovate to develop more efficient, durable and high-performance products. Our R&D team collaborates with industry experts and research institutions to enhance product capabilities, improve automation and develop environmentally friendly solutions.
TPI: What is your view on the tube & pipe market and how do you see the market evolving over the years? Please share some recent trends in the tube and pipe industry.
VFD: The tube and pipe industry is witnessing a shift towards higher efficiency, automation and environmentally friendly coating solutions. With increasing demand for durable pipes in construction, oil & gas and water transport sectors,
NEWS
advanced coating systems are becoming essential. We anticipate continued growth in this sector, driven by advancements in material science and digital integration in manufacturing processes.
TPI: What is your company’s vision and plans for the future? Where do you see VR Coatings Private Limited five years from now?
VFD: We plan to expand our manufacturing facilities to meet the growing demand for our existing products and launch new ones, while focusing on automation and IOT solutions. The company looks forward to strengthening its distribution networks in emerging markets. VR Coatings remains committed to delivering cutting-edge solutions that redefine industry standards and enhance operational efficiency for its clients worldwide.
A-One Steels India Files DRHP for INR 650 Crore IPO
The IPO will consist of fresh shares worth INR 600 crore and an offer-for-sale for shares worth INR 50 crore for promoters holding 85.56 percent stake in the company. Public shareholders own 14.14 percent stake in the Bangalore-based company.
Jan 16, 2025
A-One Steels India Private Limited has filed the Draft Red Herring Prospectus (DRHP) with the Stock Exchange Board of India (SEBI), seeking approval to raise INR 650 crore through an initial public offering (IPO).
It said the IPO will consist of fresh shares worth INR 600 crore and an offer-for-sale for shares worth INR 50 crore for promoters holding 85.56 percent stake in the company. Public shareholders own 14.14 percent stake in the Bangalore-based company.
A-One Steels India is a backward integrated steel manufacturer from southern India with a diversified portfolio of long and flat steel, along with industrial products used in steel manufacturing.
It operates with six manufacturing facilities in Karnataka and Andhra Pradesh having total installed capacity of 14.97 lakh MTPA of steel (intermediate and finished) products.
The leading steel producer aimed to utilize INR 344.4 crore out of the fresh issue proceeds for expansion of manufacturing facility and INR 40 crore for group captive power plant. It further intended to use INR 100 crore for repaying debt out of its total outstanding borrowings of INR 1,396.2 crore till September 2024.
PL Capital Markets and Khambatta Securities are appointed as merchant bankers for the issue.
Parco A.G. Corp to Enhance Presence in the Middle East & Saudi Arabia
Parco A.G. Corp, a Taiwan-based industrial machinery manufacturer and engineering company, is sharpening its focus on stamping automation- its core business, while strategically expanding its presence in the Middle East and Saudi Arabia. This was revealed by Mr. John Barides, General Manager of Parco A.G. Corp and Polico Machinery Company Limited , during an exclusive interaction with Tube & Pipe India.
Tube & Pipe India: Kindly walk us through the business history of your company, highlighting crucial achievements and major milestones. John Barides: Around 30 years ago, we began as a tooling workshop, exporting tooling equipment. Soon, we recognized that customers using our tooling also needed expert assessment and recommendations on compatible press machines. This led us to collaborate with Chin Fong Machine Industrial Company Limited, a leading stamping press manufacturer in Taiwan.
As we expanded, we transitioned into an engineering integration company, incorporating robotic systems into our machinery. Under the brand name Polico Machinery Company Limited, we now serve diverse industries, including oil and gas, automotive, and construction. Our Taiwan facility integrates advanced robotic systems sourced from Japan, enhancing the efficiency and performance of our machinery.
TPI: Kindly walk us through your manufacturing setup and production capacity.
JB: Our company operates multiple divisions, each catering to different segments of our business. The first division is the Tooling Division- our original business, a small workshop in Taiwan, which accounts for approximately 15 percent of our operations. Next, the Trading Division, operating under the name Parco in Taipei, Taiwan’s capital, represents about 20 percent of our business. The Manufacturing Division
in China specializing in the production of powder coating lines, liquid painting lines, and galvanizing lines, handles the complete design, fabrication, and execution of turnkey surface treatment projects. Our robotic division is also based in China. Catering to Middle East operations and significant export activities to the region, we maintain an office in Sharjah, UAE, dedicated to after-sales service and spare parts storage. Additionally, we operate a trading and service company in Turkey.
In 2025, Parco will establish a sales and service office in Saudi Arabia to meet the kingdom’s growing market demand.
TPI: What is your USP?
JB: At Parco, we take a proactive approach to customer relationships, staying closely engaged to understand their exact needs and requirements. We are committed to delivering high-quality products without compromising on price, ensuring our customers receive the best value. Additionally, we actively participate
in industry exhibitions to stay at the forefront of market trends and innovations.
TPI: How do you stay ahead in terms of product development and innovation?
JB: For R&D, we collaborate with leading Taiwanese research centers and institutes from both government and private sectors to enhance our design approach and stay updated on the latest technologies and trends. Our experienced and reliable team specializes in designing and executing major turnkey projects. In the field of robotics, we partner with Japan’s OTC Daihen, ensuring that our team stays innovative by attending new product launches and seminars at their headquarters in Japan. Beyond OTC, our expertise extends to working with Fanuc, Yaskawa, and Mitsubishi robots. We believe in continuous learning, both from our customers and through knowledge-sharing. Our customers bring us ideas, and we turn
them into reality.
TPI: Are there any new developments happening in future?
JB: We are integrating Industry 4.0 into our machines to enhance efficiency and automation. In robotic automation, offline programming plays a crucial role, significantly reducing the time required for on-site programming. With this capability, programming can be done remotely or even outsourced. For example, a programmer in India can develop and send the program to us, receive inputs, and initiate the production line automatically.
TPI: Please share your views about the tube and pipe industry. How do you see it growing in future?
JB: I see a promising future for the industry, driven by continuous advancements in this sector. We are constantly evolving, embracing
new ideas and concepts to enhance production efficiency and expand market share. By leveraging every possible opportunity for growth, we create win-win outcomes for all stakeholders.
TPI: Where do you see yourself in the next five years?
JB: Over the years, we have expanded beyond tooling and press machinery into robotics, automation, and surface treatment. With our diverse and extensive portfolio, we are always looking for fresh talent to strengthen our team. PARCO has thrived for over three decades by staying dynamic, adaptable, and innovative in design concepts and feasibility. The one thing we never compromise on is quality. Our goal is to provide longlasting, easy-to-maintain solutions that empower our clients to grow. Ultimately, our success is built on customer relations, the better they become, the stronger we can support!
Goodluck Industries to Add INR 500 Crore Revenue from New Hydraulic Tube Plant
Goodluck Industries is expected to generate an additional revenue of INR 500 crore from the new hydraulic tube manufacturing plant in Uttar Pradesh. The plant has an annual production capacity of 50,000 tonnes annually and the capacity will be doubled once the new plant hits 60-70 percent capacity by mid-2026.
Jan 13, 2025
Goodluck Industries, a leading producer of steel products, expects to generate an additional revenue of INR 500 crore from the new hydraulic tube manufacturing plant in Uttar Pradesh.
The newly operational plant is equipped with cuttingedge technology such as supply of hydraulic tubes to industries like construction machinery, light commercial vehicles and industrial equipment.
Besides the incremental revenue of D 500 crore, the product has the ability to generate an EBITDA of 16 per cent, as per Ram Aggarwal, CEO, Goodluck India.
The plant has an annual production capacity of 50,000
tonnes annually and the capacity will be doubled once the new plant hits 60-70 per cent by mid-next year.
Founded by Christian Haeusler, the Switzerland-based mechanical engineering company began as a small locksmith shop and has since expanded its presence to around 70 countries, becoming a leading plate bending technology provider. The company began exporting in 1952 and made its first overseas delivery to India in 1955. Today, HAEUSLER is renowned for pioneering the world’s first autonomous bending process. In an exclusive interview with Tube & Pipe India, Mr. Klaus Höferlin, Director of Sales and Projects, HAEUSLER , shares about the company’s latest innovation and the evolution of the tube and pipe industry.
Tube & Pipe India: Can you please give an overview of the company?
Klaus Höferlin: Established in 1936, the HAEUSLER is a privately owned, technology-driven company, specializing in the production of bending machines. Our core product category is plate bending machines, which account for approximately 50% of our business, with the remaining 50% derived from special machines.
TPI: Can you tell us about your manufacturing setup and production capacity?
KH: Our company operates two workshops, located in Germany and Switzerland, where all our products are manufactured. We have in production a strict split in serial and customized products, whereby in design and sales we combine these two fields, in order to maintain cutting-edge technology supported by our strong engineering force. Serial products are produced in highest efficiency and customized machines are crafted individually.
We manufacture approximately 35 to 40 machines annually, with a yearly turnover of approx. EUR 50 million, depending on the scale and scope of our projects.
TPI: What sets your machines apart from the rest of the competitors in terms of innovation and upgradation?
KH: The USP of our machines is that we are at the forefront of technology. While we may not weld, mill, or paint better than others, we consistently lead the industry in innovation. For example, in 1974, we were the first company to build plate bending machines with hydraulic drives, which have since become state-of-the-art machinery.
In 2019, we pioneered the development of machines with electric drives, and once again, we are leading in this field. Our control system sets the benchmark, establishing the standard that others follow. Additionally, we continually innovate, developing new systems each year to integrate into our machines.
This is possible because we specialize in tailor-made machines and have extensive engineering capacity. The valuable innovations we develop for special machines are seamlessly incorporated into our standard serial machines. By consistently leading in technology, we remain competitive on a global scale, which is no small feat.
Mr. Klaus Höferlin, Director of Sales and Projects, HAEUSLER
TPI: Can you share with us your product lines?
KH: As mentioned, 50% of our product portfolio consists of plate bending machines, with two primary types: 3-roll plate bending machines and 4-roll plate bending machines. The 3-roll plate bending machines accommodate output of up to 30 pipes per hour for pipe mills, plate widths up to 24 meters for shipyards and plate thicknesses exceeding 250 mm for nuclear industry. These machines are designed for heavy-duty applications. On the other hand, our 4-roll plate bending machines are known for their precision, advanced automation, and ease of operation, providing maximum efficiency with minimal complexity. These plate bending machines serve industries such as aircraft manufacturing, shipbuilding, on-offshore, wind industry and for pipe producers.
In addition to plate bending machines, our company offers a variety of other equipment, including LSAW pipe production lines, tube coiling machines, installation equipment, and specialized forming machines.
From the development of single roll forming machines for pipe mills, we have evolved into an integrator of complete production plants. In the oil and gas sector, we collaborate with partner companies to deliver comprehensive production plants. However, we retain our expertise and engineering in plant layout and process engineering, ensuring the highest standards in all our projects.
TPI: How do you stay ahead of the curve in terms of product development innovation? Are there any new developments happening in the company?
KH: We handle everything in-house—mechanics, hydraulics, controls, and HMI’s. Last October, we introduced a new series of 4-roll plate bending machines, our VRM NEO. We’ve combined the best elements from the latest state of the art control system and full electrical drive technologies with the proven durability and reliability of Haeusler rigging machines. The result is a reliable, energy-
saving and easy to handle bending solution.
This year, a type of 3-roll bending machine is following which will change the game of using a 3 roll bender completely.
In the pipe mill industry, beside the leading edge roll forming development, we have our tack-welder and full-body pipe expander as the leading machines in the market. We’ve reached the point where we are preventing any rotating actions during stacking or where we can incorporate online banana measurement within expanding.
TPI: How do you envision the evolution of the tube and pipe industry?
KH: Since we have designed and produced many LSAW pipe mills worldwide, we believe there is actually a slight overcapacity in the sector, with many companies facing a lack of demand. As a result, we don’t anticipate a significant number of new greenfield projects. However, with our specialized machines for forming, welding and cold expansion, we are ready for active involvemet, whenever there is a modernization opportunity.
In the future, our focus will continue on selling individual machines for pipe forming, welding, and expansion. This will remain a key part of our business moving forward.
TPI: What are your goals and plans for the future?
KH: Our goal is to maintain our current size. We are not focused on rapid growth but prefer to stay as a company with around 120 employees. Our main target is to preserve the spirit of innovation within the company to maintain our solution provider image. To satisfy our clients by providing smart solutions is essential for staying viable in countries like Germany or Switzerland, where production costs are high. Being close to our clients, and being highly innovative and productive is the key to sustaining our success in such environments.
Warpp Engineers to Produce
6,500 Welding and Cutting Machines
Mr. Prabhudas N Golla, Director, Warpp Engineers Private Limited
Warpp Engineers Private Limited, a manufacturer of welding machines, welding automations, plasma cutting CNC machines and welding SPMs, is targeting to manufacture 6,500 machines in this fiscal. Mr. Prabhudas N Golla, Director, Warpp Engineers Private Limited, revealed during an exclusive interaction with Tube & Pipe India that they were eyeing the foreign shores, especially the Middle East. The company further plans to manufacture laser cutting machines, laser welding machines, pulse machines and welding cladding machines in future.
Tube & Pipe India: Kindly walk us through the business history of your company, highlighting crucial achievements and major milestones.
Prabhudas N Golla: Warpp Engineers Private Limited was started in 1994 by me and one of my partners. We manufactured conventional type welding machines from 1994 to around 2002. After 2002, the technology changed and we started importing welding inverters. The next step was supplying welding machines pan India. From 2011 onwards, we started manufacturing welding inverters also. Today, we are a leading manufacturer and supplier of welding machines, welding automations, plasma cutting CNC machines and welding SPMs.
TPI: What is your annual production capacity?
Please share information about your clients.
PNG: Warpp Engineers manufactured 5,700 machines in the last fiscal. This year, we’re targeting to produce around 6,500. We have already manufactured 5,000 machines and are on our way to achieve the target by the end of this
financial year. The size of our product basket is increasing gradually. We are manufacturing 80 percent machine parts in India and importing 20 percent parts. We aim to increase our annual production capacity and extend our reach pan India. Our esteemed customers include roll forming machine makers and pipe manufacturers. Several tube and pipe producers are using Warpp Engineers’ organ welding machine called TIG machine.
TPI: What is the USP of your machine? How is it better than others in the market?
PNG: We provide excellent service throughout India. Within 24 hours of calling Warpp Engineers, our dealers and service persons will reach the site and do the machine servicing. We are proud to say that many of our clients have been using our machines for the past 10, 12 and 15 years. Till date, we have been servicing these machines. In the electronic, inverter and similar industries, people usually phase out machines after using them for 2-3 years. Sometimes, the PCB or spare parts are not available, while
at other times, the machine becomes irreparable or maybe, out of fashion. Our USP is that all spare parts are available with us and we provide quick & efficient service.
TPI: How do you stay ahead of the curve in terms of product development and innovation?
PNG: We have a Government certified research and development (R&D) team, which develops different types of process machines and other machines.
TPI: Please share your views on the tube and pipe market of India. What future do you predict for the industry?
PNG: Since the manufacturing of tubes and pipes requires welding, we have a direct relation with the tube and pipe
industry. Warpp Engineering foresees a very bright and propitious future for the industry because wood is now being replaced by steel in a host of industries. The whole market of pipe, tube and welding is growing together.
TPI: What are your visions and plans for the future?
PNG: After creating a niche with welding machines, welding automations, plasma cutting CNC machines and welding SPMs in India and European countries, we are now exploring the market of pulse machines and welding cladding machines. We are also planning to manufacture laser cutting machines and laser welding machines in the near future. Regarding the foreign shores, we are currently focusing on the Middle East, especially Egypt and Saudi Arabia.
India’s Steel Industry Needs USD 120 Billion Investment to Reach 300
Million Tonnes Capacity by 2030: Union Steel Secretary
Union Steel Secretary Sandeep Poundrik emphasized on the urgency of capacity expansion of steel production in India. India’s steel industry requires an investment of USD 120 billion (INR 10 lakh crore) to boost capacity from 180 million tonnes to 300 million tonnes by 2030 to meet its domestic demand and avoid dependence on imports.
Nov 22, 2024
India’s steel industry requires an investment of USD 120 billion (INR 10 lakh crore) to boost capacity from 180 million tonnes to 300 million tonnes by 2030, Union Steel Secretary Sandeep Poundrik said during a panel discussion at FICCI’s 97th AGM and Annual Convention.
During the event, he emphasized on the urgency of capacity expansion to meet domestic demand and avoid dependence on imports
The union minister underscored the importance of industry profitability and policy support to achieve this ambitious target. “India’s per capita steel consumption is nearing 100 kg — a critical inflection point historically associated with accelerated growth. In the first half of FY2024-25 alone, steel consumption grew by 13% due to increased public spending on infrastructure,” he said.
Minister Sandeep further acknowledged industry concerns about dumping and its impact on profitability. He said, “Indian steel imports rose by 41%, while exports declined by 36% in the first half of this fiscal year. Steel prices are depressed, and inventory levels at steel companies have doubled to 30 days
from the usual 15-16 days,” he said.
While tariff measures like raising basic customs duty (BCD) are being examined, their impact could be limited. The conversation also touched on the privatisation and disinvestment of underperforming public sector steel units. Finally, he concluded his address by stressing on the need to strike a balance between domestic industry profitability and growing demand.
Han Jie Machinery Company Developing New Tube Bending Machine with Rotating Head
Founded in 2002, Han Jie Machinery Company Limited has always maintained continuous innovation and research and development adopting the three turn-keys of tube bending- design, assembly, and software. Specializing in the manufacturing of CNC & NC tube benders, end forming machines, and tube fabricating machines, the company is coming up with a new tube bending machine, which can rotate and bend on both sides to avoid collision. Ms. Claire Chang, Business Development/ Sales Manager of the company, revealed during a recent interaction with Tube & Pipe India that they plan to manufacture more tube bending machines in future, customized as per the special requirements of its clients.
Ms.
Claire Chang,
Business Development/Sales Manager, Han Jie Machinery Company Limited
Tube & Pipe India: Kindly provide a brief overview of your company, including its history, mission and values.
Claire Chang: Han Jie Machinery Company Limited is a 23-year-old, leading manufacturer of NC and CNC tube bending machines, which was established in 2002 by Mr. Chen. We are a medium-sized company, having a strength
of 40 people. We are located in the south of Taiwan, an area famous for the machinery industry. In 2008, we started exploring overseas markets and gradually expanded our footprint and entered the markets of India, China, Korea, Thailand, South America, the US, Russia, Indonesia, New Zealand, North Africa and the Middle East.
TPI: What is the USP of your machines?
CC: Tube bending is a kind of customized machine. It is very different from machine tools, which only need cutting and milling. Our most important characteristic is our flexibility and the willingness to customize products as per the client’s requirements. Our designer always strives to provide the best service and the best machines to meet our clients’ expectations.
Adopting the three turn-key of tube benders- “ Design”, “ Assembly”, & “Software” , Han Jie Machinery Company team has rich experience to provide the most suitable and universal machine for customers’ various production plans.
TPI: Kindly walk us through your product line. What is your annual manufacturing capacity?
CC: We manufacture CNC tube bending machines, NC tube benders, twin-head double bending machines, tube end forming machines and tube fabricating machines. We also take up turnkey projects like producing a customized whole punching machine. Our annual manufacturing capacity for CNC tube bending machines is 80 to 100.
Our machines are implemented in diverse industries including automotive industry, boiler making, fitness equipment, aviator industry, furniture manufacturing, heating/ air-conditioning/ ventilation applications, heavy industry etc.
TPI: How do you stay ahead in terms of product development and innovation?
CC: We have an in-house research and development (R&D) team, which designs and assembles different parts of a machine. We write the control software by ourselves and also run the bug detecting and troubleshooting processes online. Under our philosophy of ‘Quality, Innovation, Service”, Han Jie Machinery Company’s R&D team has been persisting in providing high performance and best quality machines for our clients.
TPI: Are you planning to launch any new product in the near future?
CC: We are coming up with a new tube bending machine. Its machine head can rotate and bend on both left and
right sides to avoid collision. This will enable an operator to finish one item in one program.
TPI: What are your vision and plans for the future?
CC: In the past two years, the global economy has gone through a rough patch. The market is somewhat stable now. Recently, the industry witnessed a boom in the tube bending requirement. Owing to our strength, ability to customize and flexibility, we have been able to maintain gradual and steady growth. We plan to manufacture more tube bending machines in future and customize them as per the special requirements of our clients.
Consumption of Stainless Steel in India Grew by 11 Percent: ISSDA
The stainless steel consumption in India increased from 4.02 million tonnes in FY23 to 4.46 MT in FY24, registering a growth of about 11 percent over FY23, including both flats and longs. The country’s per capita consumption of stainless steel increased from 2.25 kg in FY19 to 3.1 kg in FY24.
Dec 16, 2024
The stainless steel consumption in the country increased from 4.02 million tonnes in FY23 to 4.46 MT in FY24, registering a growth of about 11 percent over FY23, including both flats and longs. Besides, India’s per capita consumption of stainless steel increased from 2.25 kg in FY19 to 3.1 kg in FY24.
The figures were shared by the Indian Stainless Steel Development Association (ISSDA).
Speaking on the positive development, Mr. Rajamani Krishnamurti, President of ISSDA, said the upswing reflected the nation’s growing reliance on sustainable input materials. Over the past two decades, demand for stainless steel has diversified across multiple sectors, although the country’s per capita consumption remains below the global average of 6.5 kg.
As per Mr. Krishnamurti, India had an installed capacity of 7.5 million tonnes, making it capable of producing a diverse range of products that adhered to both national and international standards. The research of ISSDA, in collaboration with CRISIL, indicated that the country’s stainless steel consumption was projected to reach 12.5–12.7 million tonnes by FY2040 and 19–20 million tonnes by FY2047.
He said the growth would be fueled by infrastructure development and industrial applications in sectors such as automotive, construction, renewable energy, and emerging areas like the green economy, blue economy, defence, and aerospace.
Government initiatives such as Make in India, Production-Linked Incentives (PLI), favorable trade policies and a strong emphasis on sustainable growth were expected to propel this momentum further.
The ISSDA chairman also listed some of the challenges currently being faced by the industry, including the persistent dumping of substandard stainless steel, particularly from China, which was adversely impacting the domestic manufacturers.
Noting that the country’s current operational capacity utilisation was just 60 percent, Mr. Krishnamurti urged the Government of India to ensure a level-playing field, empowering domestic producers to operate at their full potential and further strengthen India’s position in the global stainless steel landscape.
As per ISSDA, the demand for stainless steel was expected to increase further, with a projection of per capita consumption of up to 4.5-5.5 kg by FY30, driven by emerging applications in alternative energy, ethanol production, water storage and other key areas of national development.
Sambhv Steel Tubes Get SEBI’s Nod for INR 540
Crore IPO
The IPO of Sambhv Steel Tubes comprises a fresh issue of equity shares valued at INR 440 crore and an offer for sale (OFS) of shares worth INR 100 crore by promoters.
Jan 29, 2025
Sambhv Steel Tubes has received approval from the market regulator, Securities and Exchange Board of India (SEBI), to raise funds via IPO.
As per the draft papers, the IPO of Sambhv Steel Tubes comprises a fresh issue of equity shares valued at INR 440 crore and an offer for sale (OFS) of shares worth INR 100 crore by promoters.
Proceeds from the fresh issue will be utilised for payment of debt and for general corporate purposes.
Tata Steel: India’s First Steel Company to Manufacture Hydrogen Transportation Steel Pipes
The hydrogen qualification tests were carried out at RINA-CSM S.p.A, Italy. API X65 grade pipes can be used for the transportation of 100% pure gaseous hydrogen under high pressure (100 bar).
Jan 30, 2025
Tata Steel has announced that it has become India’s first steel company to demonstrate end-to-end capabilities to develop pipes for the transportation of hydrogen.
The API X65 ERW pipes processed at Tata Steel’s Khopoli plant achieved all the critical properties necessary for hydrogen transportation. The pipe was manufactured using steel from Tata’s Kalinganagar plant. This marks a significant step forward in contributing to India’s National Hydrogen Mission.
Mr. Prabhat Kumar, Vice President - Marketing & Sales (Flat Products), Tata Steel, said, “Tata Steel has always been at the forefront of developing technologies for manufacturing critical steel grades. The successful testing of the new ERW pipes demonstrates our capabilities to deliver critical physical infrastructure for the energy sector, domestically.”
He added, “We are proud to contribute to India’s National Hydrogen Mission, which by itself is a key component of the country’s ongoing clean energy transition. Tata Steel is proud to be the first Indian
steel company to successfully take on this challenge and deliver products to cater to the emerging domestic and global demand for these special grade steel pipes.”
According to the press release issued by the company, the hydrogen qualification tests were carried out at RINA-CSM S.p.A, Italy, a leading approving agency for hydrogen-related testing and characterization. The new hydrogen-compliant API X65 grade pipes can be used for the transportation of 100% pure gaseous hydrogen under high pressure (100 bar). The complete technology development, from the design and development of the hot-rolled steel to the pipe manufacturing, was done entirely in-house.
JSW Group Invests INR 3 Lakh Crore in Maharashtra
JSW Group to invest INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement.
Jan 22, 2025
JSW Group has committed to investing INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement.
This investment has been announced at the World Economic Forum in Davos, Switzerland, and has been facilitated by a Memorandum of Understanding (MoU) with the Maharashtra government.
The investment will be crucial for Maharashtra’s growth and India’s transition to a greener future. With this investment, JSW Group plans to expand and enhance steel manufacturing using cleaner technologies as a significant portion of the investment will be dedicated to renewable energy projects. The company also intends to establish manufacturing facilities for electric vehicles and their lithium-ion
batteries, as well as solar wafers and cell modules to further contribute to the state’s development.
As per Sajjan Jindal, Chairman of JSW Group, this MoU reflects our unwavering commitment to Maharashtra. Through this partnership, we take another step towards our country’s vision of ‘Clean and Green Bharat.’ This investment will not only boost industrial development but also drive India’s green transition with sustainable technologies, clean mobility and renewable energy solutions.
Welspun Corp, Aramco to Establish 3,50,000 MTPA Pipe Facility in Saudi Arabia
The new LSAW line pipe facility, to be built in Dammam third industrial city, Saudi Arabia, is expected to commence operations in mid-2026. It will be equipped with comprehensive capabilities to support future line pipe requirements for Saudi Aramco’s ongoing and upcoming projects.
Jan 16, 2025
Homegrown Welspun Corp Limited has signed a Memorandum of Understanding (MoU) with Saudi Aramco to set up a state-of-the-art Longitudinal Submerged Arc Welded (LSAW) line pipe manufacturing facility in the Kingdom of Saudi Arabia having an annual production capacity of 350,000 MT.
The facility, to be built in Dammam third industrial city, Saudi Arabia, is expected to commence operations in mid-2026.
It will be equipped with comprehensive capabilities to support future line pipe requirements for Saudi Aramco’s ongoing and upcoming projects, including the transmission of oil, gas, hydrogen and CCUS developments.
This new facility will not only enhance Welspun’s global energy sector position but also support Saudi Arabia’s industrial ambitions in line with its strategic energy goals.
Man Industries to Raise INR 300 Crore
Man Industries will raise INR 300 crore through issuance of equity shares, qualified institution placement, convertible shares warrants through preferential issue, rights issue or a combination of all above.
Jan 30, 2025
Man Industries (India) Limited has approved a plan to raise INR 300 crore through issuance of equity shares, qualified institution placement, convertible shares warrants through preferential issue, rights issue or a combination of all above.
The global manufacturer of longitudinal submerged arc welded pipes, spirally welded pipes and coating systems, specializing in the production of large diameter carbon steel SAW pipes, said in an exchange filing that its board has approved the plan to raise INR 300 crore.
The board further approved the appointment of Mr. Sandeep Kumar as the Chief Financial Officer (CFO) and key managerial personnel of the company.
Kumar has earlier served as the CFO of Welspun Global Brands Limited and Director (Finance) of the Raymond Group.
In August last year, the leading steel pipe manufacturer announced its plans to establish a new plant in Dammam, Saudi Arabia, with an investment of INR 6 billion, to enhance its capacity by 0.4 to 0.5 million tonnes overseas.
Rungta Steel Expands its Product Portfolio with Ductile Iron Pipe
Rungta Steel has expanded its product portfolio with the launch of its Ductile Iron (DI) Pipes. These pipes are designed to handle high-pressure applications, making them ideal for diverse uses.
Jan 13, 2025
Rungta Steel, one of India’s leading integrated steel and TMT bar manufacturers, has announced its foray into the production of Ductile Iron (DI) Pipes. The production is undertaken at the company’s Chaliyama Steel Plant in Chaibasa, Jharkhand, marking a significant milestone in the brand’s journey. The introduction of Ductile Iron Pipes complements the company’s flagship products such as TMT bars, wire rods, fly ash bricks, and other offerings.
With a standard length of 5.5 meters, the pipe sizes are available from DN 80 to DN 1000 for class K7 to K9. These DI pipes are designed to handle high-pressure applications, making them ideal for diverse uses. They are crucial for potable water supply, efficiently transporting water from surface sources like rivers, lakes, and reservoirs to households. Their robust design supports seamless irrigation and sewerage operations, with self-cleansing properties that prevent
clogging and ensure uninterrupted flow. With this strategic move, the company is expanding its product portfolio, and further solidifying its position in India’s water infrastructure.
Aliaxis Eyes Revenue of EUR 1 Billion from India; Coming up with 3 New Plants
The company generated nearly EUR 4 billion in 2023, with its Indian arm contributing around EUR 700 million to global revenue, a figure projected to exceed EUR 1 billion in the near future. The company is coming up with three plants in Hyderabad, Chennai, and Central India, with a combined capacity of 100,000 MT/annum.
Nov 20, 2024
Aliaxis, a Belgium-based company that provides pipe and fittings solutions, is optimistic that India can become its largest market before the end of the decade driven by a significantly higher growth rate compared to its other markets, as per the company’s Managing Director Mr. Thierry Vanlancker.
The global leader in manufacturing pipes and fittings operates in India through its wholly-owned subsidiary Ashirvad Pipes.
According to Mr. Vanlancker, the company generated nearly EUR 4 billion in 2023 with the company’s growth in India being fueled primarily by the agriculture and residential sectors. Its Indian arm currently contributes around EUR 700 million to global revenue, a figure projected to exceed EUR 1 billion in the near future.
In India, Ashirvad Pipes operates across multiple segments. The largest, contributing segment is the building plumbing segment. This has been a stronghold for the company, especially in the retail space. The other significant segments include
Mr. Thierry Vanlancker, Managing Director, Aliaxis
infrastructure and industrial applications, as well as agriculture.
Currently, the company operates seven plants located across Bangalore, Rajasthan, Odisha, and West Bengal, contributing 12-13 percent of market share in India. These, along with subcontinent facilities, contribute to a combined capacity of 300,000 MT/ annum. They have three upcoming plants in Hyderabad, Chennai, and Central India, with a combined capacity of 100,000 MT/annum. The company will invest USD 200 million (approximately INR 1800 crore) to set up the new facilities. Two of the new plants are expected to be operational by late 2025 or early 2026, with another likely by early 2027.
Jindal Steel and Power to Invest INR 70,000 Crore to Enhance its Capacity
Jindal Steel and Power (JSP) is going to double the capacity of its Angul unit in Odisha to 12 million tonnes per annum (MTPA) by the end of this year and further increase it to 25 million tonnes per annum in another six years. For this, the company would invest INR 70,000 crore in the next 6 years.
Jan 28, 2025
Jindal Steel and Power (JSP) is going to double the capacity of its Angul unit to 12 million tonnes per annum (MTPA) by the end of this year, as per a news report.
The company plans to make Angul plant as the world’s largest single-location steel manufacturing facility by enhancing its capacity to 25 million tonnes per annum in another six years. For this, the company would
invest INR 70,000 crore in the next 6 years.
JSP also has the plan to produce green steel from the facility by adopting green technology and hydrogen.
Viraj Profiles to Establish Integrated Stainless Steel Plant in Maharashtra worth INR 12,000 Crore
The stainless steel plant will be set up in Palghar district. It will generate employment for 3500 people in tribal areas of Maharashtra.
Jan 23, 2025
Viraj Profiles Private Limited has inked a Memorandum of Understanding (MoU) with the Government of Maharashtra to invest INR 12,000 crore for the establishment of an integrated stainless steel plant in Palghar.
The leading global manufacturer and exporter of stainless steel products shared a post on a social networking platform, stating that the MoU was signed between Mr. Neeraj Raja Kochhar, Chairman and Managing Director of Viraj Profiles Private Limited and Mr. Devendra Fadnavis, Chief Minister of Maharashtra.
The initiative will generate employment for 3500 people in the tribal areas of Maharashtra, it added.
In November 2024, Viraj Profiles marked its entry into the high-value seamless pipe segment by inaugurating an advanced piercer mill at its new seamless pipe plant in Boisar, Maharashtra.
BPCL Invests INR 95,000 Crore in Refinery-cumPetrochemical Complex in Andhra Pradesh
The new refinery-cum petrochemical complex is expected to have a crude oil processing capacity of 9 million tonnes per year. The refinery is likely to be commissioned in 48 months from the final investment decision.
Jan 24, 2025
State-owned Bharat Petroleum Corporation Limited (BPCL) has proposed an oil refinery-cum-petrochemical complex in Andhra Pradesh which is likely to cost around INR 95,000 crore, as per Director (Finance) Vetsa Ramakrishna Gupta. This will be one of India’s costliest refinery projects so far. The BPCL board has approved an expenditure of INR 6,100 crore last month on pre-project activities such as land acquisition and commissioning of detailed project report (DPR) and certain feedstock studies.
‘‘Roughly the initial indication of capex requirement will be around INR 95,000 crore at gross level,” said Mr. Gupta at a news platform. He indicated that the Andhra Pradesh government has also provided a good amount of capital subsidy incentives. However, the fiscal support from the state government was not disclosed. The refinery is likely to be commissioned in 48 months from the final investment decision (FID).
The coastal refinery and land have been identified for the complex. Comprising 6,000 acres of land, the refinery is expected to have a crude oil processing capacity of 9 million tonnes a year. This processing will produce 3-3.5 million tonnes of fuels like petrol and diesel and 3.8-4 million tonnes of feedstock of petrochemicals.
The planned unit in Andhra Pradesh is being claimed as India’s last greenfield refinery project.
India Aims to Reach 300 Million Tonnes of Steel Production by 2030
According to the steel secretary, India’s steel production target will be 300 million tonnes by 2030 with an investment need of INR 10 lakh crore.
Feb 3, 2025
The Indian Chamber of Commerce (ICC) hosted a session, Viksit Bharat, in which the steel secretary, Mr. Sandeep Poundrik, along with industry leaders, discussed the need for capacity expansion and investments in the steel sector, ensuring green steel production and maintaining competitiveness. According to the steel secretary, India’s steel production target will be 300 million tonnes by 2030 and requires an INR 10 lakh crore investment for the same. He emphasized the need for a further increase in the production capacity to 700-800 million tonnes by 2047.
The steel sector is shifting towards low-carbon technologies like hydrogen-based production to align with global sustainability initiatives, ensuring competitiveness and cost-effective domestic steel
prices to protect industry margins and enable reinvestment.
Further, SAIL Chairman Amarendu Prakash discussed the shift from global to local trade practices in the steel sector. The government is also focusing on infrastructural development like capacity expansion of the Bokaro steel plant and revival of the RINL-VSP plant to meet the steel demands domestically.
JSW Steel Records Quarterly Steel Production of 7.03
Million Tonnes
JSW Steel has recorded consolidated crude steel production of 7.03 million tonnes for the third quarter of fiscal year 2024-25, marking a 4 per cent increase quarter-on-quarter. For the first nine months of FY25, JSW Steel’s consolidated production reached 20.16 million tonnes, compared to 19.89 million tonnes in the same period last year, including volumes from the JSW Ispat Special Products Limited.
Jan 10, 2024
JSW Steel has recorded highest-ever consolidated crude steel production of 7.03 million tonnes for the third quarter of fiscal year 2024-25, marking a 4 per cent increase quarter-on-quarter and 2 per cent yearon-year.
Further, the company’s expansion project at Vijayanagar is progressing, with its subsidiary JSW Vijayanagar Metallics Ltd. (JVML) commissioning one of two convertors and castors at its Steel Melt Shop during Q3.
Once fully operational, this will increase Vijayanagar’s total crude steel capacity to 17.5 MTPA and boost JSW Steel’s overall Indian operations capacity from 29.2 MTPA to 34.2 MTPA.
For the first nine months of FY25, JSW Steel’s consolidated production reached 20.16 million tonnes, compared to 19.89 million tonnes in the same period last year, including volumes from the JSW Ispat Special Products Limited.
The company aims to expand its consolidated capacity to 43.5 MTPA over the next three years as part of its growth strategy.
Welspun Corp’s subsidiary, East Pipes Integrated Company for Industry (EPIC), has secured orders worth approximately INR 130 crore in Saudi Arabia, placed by Saudi Real Estate Infrastructure Company (Binyah) and Al Rashid Trading and Contract Company, for the supply and coating of steel pipes.
Dec 27, 2024
Welspun Corp Limited has announced that its subsidiary, East Pipes Integrated Company for Industry (EPIC), secured orders worth approximately INR 130 crore in Saudi Arabia. The orders, placed by Saudi Real Estate Infrastructure Company (Binyah) & Al Rashid Trading and Contract Company, involve the supply and coating of steel pipes.
The financial impact of the contract will be reflected in the first and second quarters of financial year 2026, Welspun Corp said in its exchange filing.
EPIC is a manufacturer of Helical Submerged Arc Welded (HSAW) pipes based in Saudi Arabia. Its fully integrated manufacturing facilities position the
company as a preferred supplier in the KSA market. Earlier, EPIC had bagged another order worth approximately INR 512 crore from Saudi Arabia for manufacturing and supply of steel pipes.
The Basra-Haditha crude oil pipeline will have a capacity of 2.25 million barrels, length of 685 km, diameter of 56 inches and thickness of 22 millimeters.
Jan 3, 2025
The Government of Iraq has given its nod for the Basrah-Haditha oil pipeline project, having a capacity of 2.25 million barrels, and entailing an investment of USD 4.56 billion.
The state-owned Iraqi News Agency said the Council of Ministers approved the contract between Basra Oil Company and the Oil Projects Company regarding the construction of 685-km-long Basra-Haditha oil pipeline, having diameter of 56 inches and thickness of 22 millimeters.
As per the Iraq Oil Ministry, the Basra-Haditha crude oil pipeline project aimed to achieve high flexibility in the process of transporting crude oil for the purposes of equipping refineries, warehouses and electric power plants within Iraq.
The project would be implemented by the Oil Projects
Company, in cooperation with the General Iron and Steel Company at the Ministry of Industry and Minerals. The proposed pipeline would transport crude oil to the country’s central and southern regions, it added.
Deputy Minister of Oil, Bassem Mohammed Khudair, had said earlier that the Ministry had an ambitious plan to reach production of 6 million barrels by 2028 and achieve self-sufficiency in the amount of gas required for energy and industrial uses. The Ministry further aimed to boost oil production in order to secure sufficient quantities for export, he added.
India Anticipates 8-9% Growth in Global Steel Demand in 2025
India will witness a significant increase in steel-intensive construction activities in housing and infrastructure sectors, along with rising demand from engineering and packaging segments.
Jan 17, 2025
India is set to retain its position as the fastestgrowing major steel-consuming economy in 2025, with an anticipated demand growth of 8-9 percent, a recent report by a leading Indian credit rating agency revealed.
The report credited the robust growth forecast in the country to increasing steel-intensive construction activities in housing and infrastructure sectors, coupled with strengthening demand from engineering and packaging segments.
As per the report recently released by CRISIL’s Market Intelligence and Analytics, India’s steel demand experienced an estimated 11 percent increase in 2024. The domestic supply, however, showed a downward trend.
The rising imports and declining exports influenced the market in 2024, leading to an additional availability of 3.2 million tonnes of finished steel, representing 2 percent of total finished steel demand.
As per CRISIL, India registered an increase in finished steel imports from major global exporters, such as China (rose 2.4-fold between 2022 and 2024), Japan (grew by 2.8 times) and Vietnam (increased to 8-folds).
Tube Investments to Acquire Majority Stake in KCAL India for INR 62 Crore
The acquisition of Kcaltech System India Private Limited (KCAL India), a subsidiary of South Korea’s KC Altech Company Limited, will enhance the presence of TII, a Murugappa Group firm, in the HVAC market.
Nov 29, 2024
Murugappa Group’s Tube Investments of India Limited has signed an executive agreement to acquire a 67 percent equity stake in Kcaltech System India Private Limited (KCAL India), a subsidiary of South Korea’s KC Altech Company Limited, for INR 62 crore.
The Murugappa Group firm said in a statement that the strategic acquisition would enable it to strengthen its position in the growing automotive sector, particularly in the domain of aluminium tubes and parts used in heating, ventilation, and air conditioning (HVAC) systems for automobiles.
The proposed investment would further support KCAL India’s expansion plans, including increasing its manufacturing capabilities, it added.
TII Managing Director Mukesh Ahuja said the move would enable TII to tap into the expanding market for aluminium components used in automobile HVAC systems, aligning its capabilities with the increasing demand for these solutions in India.
As per TII, the proposed acquisition aligned with its
long-term growth strategy as it continued to diversify into adjacent business segments that complemented its core offerings.
With the rising demand for automobiles in India, fuelled by increasing population, disposable income and government initiatives, TII was targeting the aluminium tubes and parts segment as a key growth area, it added.
The acquisition is expected to be completed on or before January 31, 2025, subject to satisfactory completion of the conditions in the agreement.
Chennai-based KCAL India is a prominent manufacturer of aluminium tubes and parts for HVAC applications in the automobile industry. The company also trades in aluminium forged parts, such as pistons, shoes, and scrolls.
KCAL Korea President Andrew Choi said the collaboration with TII would provide new opportunities to KCAL India and foster mutual growth. KCAL India would immensely benefit from the industry expertise and customer relationships of TII in the automobile segment.
Jindal Steel International Acquires European Steelmaker VÍTKOVICE STEEL
Jindal Group intends to invest up to EUR 150 million in VÍTKOVICE STEEL, mainly in capacity expansion of rolled sheets and manufacturing of value-added products.
Jan 9, 2025
Homegrown Jindal Group has acquired 100 percent stakes in the traditional European manufacturer of rolled steel products, VÍTKOVICE STEEL, through its arm Jindal Steel International.
The Naveen Jindal-owned business house looked forward to entering the European markets with its first European acquisition, which got the approval of the Office for the Protection of Competition.
Jindal Group intended to invest up to EUR 150 million in the development of the company in Ostrava in the coming years, mainly in the expansion of the capacity of rolled sheets and the production of products with higher added value.
As per Vitkovice Steel, the Office for the Protection of Competition cleared the merger on the grounds that it will not result in a significant distortion of competition. The acquisition made the Ostrava-based company a member of a strong industrial group, which was fast moving towards green steel.
“This is a great event, which will strengthen the company and the Czech steel industry. The new industrial owner will bring stability and development to the company in the form of investments in production technologies, sharing of foreign know-how and moving towards environmentally produced low-emission steel,“ said Radek Strouhal, CEO of VÍTKOVICE STEEL.
VÍTKOVICE STEEL has been cooperating with the Jindal Group for more than a year in the field of operational financing and this spring concluded a binding memorandum of mutual business cooperation on the supply of input material produced with low CO₂ emissions and minimal environmental impact. It has secured low-emission steel slabs from Oman in volumes of up to one million TPA.
The partnership with the Jindal Group will make VÍTKOVICE STEEL one of the first producers of green sheet metal in Europe, significantly strengthening its competitiveness and market position.
Along with the investment and development of the company, new jobs are expected to be created. Already in the last year of cooperation with the Jindal Group, the number of VÍTKOVICE STEEL employees has increased by several dozen.
AM/NS India to Commission 2 Production Lines at its Gujarat-Based Facility
ArcelorMittal Nippon Steel India is set to commission two production lines- a Continuous Galvanizing Line (CGL) and a Continuous Galvanizing and Annealing Line (CGAL)- at its Gujarat-based facility this year. These two facilities will be part of the upcoming Cold Rolling Mill 2 (CRM2) complex at its flagship plant in Hazira.
Jan 19, 2025
ArcelorMittal Nippon Steel India has announced that it is set to commission two production lines at its Gujarat-based facility this year. The new production line will produce advanced automotive steel products.
The new lines - a Continuous Galvanizing Line (CGL) and a Continuous Galvanizing and Annealing Line (CGAL) are expected to be fully operational in 2025 These two facilities will be part of the upcoming Cold Rolling Mill 2 (CRM2) complex at its flagship plant in Hazira, Gujarat, as per the press release.
Once operational, the production from the two units will substitute high-end steel imports required by the automotive sector, thus promoting ‘Atmanirbhar Bharat’ initiative.
The expansion aims to meet the growing demand for high-quality, value-added automotive steel in India, which currently stands at 7.8 million tonnes per annum (MTPA) for flat steel and is projected to grow by 6-7% annually.
Dilip Oommen, Chief Executive Officer of ArcelorMittal
Tata Steel’s H Blast Furnace
Nippon Steel India (AM/NS India), said, “The dedicated two units mark a significant step toward our goal of providing high-quality, premium steel solutions tailored to the evolving needs of the automotive sector. With our wide range of products and services, we are well-positioned and a preferred choice among automotive manufacturers. Once operational, these additions will not only enable us to indigenously produce new offerings that are widely recognised globally but also help grow our portfolio as well as our market share. This expansion plays a key role in our strategy to strengthen the country’s steel ecosystem and boost global competitiveness, thereby reinforcing ‘Atmanirbhar Bharat’ initiative.”
Becomes First in India to Cross 50 Million Tonnes without Mid-Term Repairs
The accomplishment reflected the commitment of Tata Steel to sustainable and innovative steelmaking practices, as well as strengthening its position as a global leader in the steel industry.
Jan 10, 2025
The H blast furnace of Tata Steel at Jamshedpur has become the first blast furnace in India to exceed 50 million tonnes of hot metal production without undergoing any mid-term repairs.
As per the steel giant, the achievement stands as a remarkable testament to the plant’s process control, operational efficiency and agility of the cross-functional teams, who have continually addressed challenges
with innovative solutions and a focus on excellence.
The accomplishment reflected the company’s commitment to sustainable and innovative steelmaking practices. It further strengthened Tata Steel’s position as a global leader in the steel industry, giving it impetus to continue pushing the boundaries of excellence.
“Achieving 50 million tonnes of hot metal production without mid-term repairs is a monumental milestone for Tata Steel and a testament to the exceptional engineering and operational expertise of our teams,” said Mr. Chaitanya Bhanu, Vice President-Operations, Tata Steel Jamshedpur.
The company’s first large-scale blast furnace was commissioned in 2008, having a working volume of 3230m³. Since its inception, the furnace has
consistently maintained approximately 20 percent higher production than its designed capacity and an annual production higher than 3 MT.
Over the years, the H Blast Furnace has received recognition for its performance at both national and international levels. It held the distinction of achieving the highest coal injection in India for nine consecutive years and was honoured by the President of India for its energy-saving innovations.
Additionally, it has set new benchmarks in productivity and efficiency for the steel industry, particularly in maintaining strict control over silicon content for hot metal quality. The World Steel Association has also acknowledged the furnace’s outstanding practices in process safety for two consecutive years.
SAIL Invests INR 20,000 Crore for Brownfield Expansion of Bokaro Steel Plant
SAIL’s Bokaro steel plant, with an investment of INR 20,000 crores, aims to boost hot metal production from the current 5.25 million tonnes per annum to 7.55 million tonnes per annum, reinforcing India’s commitment towards ‘Aatmanirbhar Bharat’ in the steel sector.
Jan 28, 2025
Union Minister for Steel and Heavy Industries Shri H.D. Kumaraswamy has announced SAIL’s Bokaro Steel Plants’s expansion with an investment of INR 20,000 crores. The plant aims to increase hot metal production from 5.25 million tonnes per annum to 7.55 million tonnes per annum. This reinforces India’s commitment towards ‘Aatmanirbhar Bharat’.
The plant is now set for a revamp with a new 4500 cubic meter blast furnace, a thin slab casting and direct rolling facility, a calcining plant, a stamp-charged coke oven battery, and a sinter plant expansion.
Bokaro Steel Plant aims to reduce its carbon emissions from 2.67 tonnes per tonne of crude steel to below 2.2 tonnes by 2030 underlining its commitment towards sustainability.
Highlighting the significance of the project, the minister said, “This expansion is a testament to India’s commitment to self-reliance in steel production and aligns with the vision of a 300 million tonnes per annum steel industry by 2030. The infusion of capital and technological advancements will bolster the steel
sector and contribute significantly to India’s economic growth.”
Apart from increasing its production, the expansion plan will generate 2,500 direct jobs and 10,000 indirect jobs, providing a major employment boost in the region. The initiative will focus on maximizing capacity utilization while optimizing energy consumption, ensuring a sustainable future for India’s steel industry.
Surya Roshni Wins INR 81.47 Crore Order from BPCL
Surya Roshni Limited, has secured INR 81.47 crore order from Bharat Petroleum Corporation Ltd (BPCL). The contract involves the supply of API SL PSL2 LPE-coated line pipes with diameters ranging from 4 to 16 inches for a City Gas Distribution (CGD) project on a pan-India basis.
Jan 11, 2025
Surya Roshni Limited, a prominent manufacturer of lighting products and pipes, has announced that it has secured INR 81.47 crore order from Bharat Petroleum Corporation Limited (BPCL).
According to the company’s regulatory filing, the contract involves the supply of API SL PSL2 LPE-coated line pipes with diameters ranging from 4 to 16 inches for a City Gas Distribution (CGD) project on a pan-India basis.
In November last year, Surya Roshni had reported securing two significant orders totaling INR 214.68 crore. The first contract, valued at INR 106.01 crore, was awarded by Hindustan Petroleum Corporation Ltd (HPCL) for the supply of API 5L Grade X 3LPE Coated Line Pipes for use in Rajasthan and Jharkhand. The
second order, worth INR 108.67 crore, was received from a domestic client for the supply of food-grade epoxy-coated, spirally welded HSAW MS pipes to be deployed in Madhya Pradesh.
Jindal Saw Acquires 31.20 Percent Equity Stake in ReNew Green
Energy
Jindal Saw aims to procure electricity at a concessional rate with this acquisition, which is expected to be completed by May 31, 2025.
Dec 19, 2024
Jindal Saw, part of O.P. Jindal Group and leading global manufacturer and supplier of iron & steel pipe products, fittings and accessories, has acquired a 31.20 percent equity stake in ReNew Green Energy Solutions Private Limited (RGES), India’s leading decarbonisation solutions provider.
The steelmaker said in a filing that it has entered into a share purchase agreement with RGES to acquire shareholding up to 31.20 per cent equity share capital in ReNew Green MHH One Private Limited (RGMHH), resulting in RGMHH becoming an associate of Jindal Saw.
Without divulging the financial details of the acquisition, Jindal Saw said it aimed to procure electricity at a concessional rate. The acquisition is
expected to be completed by May 31, 2025, or any other date as may be mutually decided between the parties.
The partnership is a step forward towards green energy adoption for Jindal Saw, which has manufacturing facilities in India, the US, Europe and the UAE.
Government Plans to Bring All Steel Grades Under BIS Norms
Currently, 1,376 grades of steel fall under the quality control order (QCO). The new rule, once it comes into effect, will bring 1,000 more grades of steel under the BIS norms.
Jan 3, 2025
In order to protect domestic steel manufacturers from the adverse effects of cheap imports, as well as to improve the quality of infrastructure and assorted hardware produced in the country, the Government of India is coming up with a plan to bring all steel grades consumed in the country under strict quality control norms.
Currently, 1,376 grades of steel fall under the quality control order (QCO). The new rule, once it comes into effect, will bring 1,000 more grades of steel under the norms formulated by the Bureau of Indian Standards (BIS).
As per an official source, the government was mulling to bring all steel grades under the BIS standards within one year. The move aimed at ensuring the quality of products as well as maintaining the competitiveness of the industry.
The Ministry of Steel issues QCO, which mandates that only quality steel conforming to the relevant BIS standard notified under QCO is produced in the country and imported from outside. Steel grades not yet covered by BIS standards are imported with a No Objection Certificate (NOC) from the Steel Ministry.
SAIL Gives Contract to Danieli for its New Bar Mill
SAIL has given contract to Danieli for designing and construction of a bar mill along with a new reheating furnace, located in Durgapur, India. The bar mill is expected to be completed by the second quarter of 2027.
Nov 29, 2024
SAIL has given contract to Danieli for designing and construction of a modern, efficient bar mill along with a new reheating furnace, located in Durgapur, India. The mill will feature advanced production capabilities, including high-speed delivery system and QTB quenching facilities.
The selected technologies are designed to minimize operating costs, ensuring a highly efficient and profitable operation.
The Danieli Centro Combustion reheating furnace will deliver hot billets to the mill at 220 tph capacity. Equipped with patented MAB burners and latest PHL firing logic to ensure the best heating quality and high efficiency while minimizing scale formation and pollutant emission.
Run by Danieli automation process control and systems, the mill will be in accordance with Industry 4.0 concepts. The bar mill is expected to be completed by the second quarter of 2027.
India’s Plastic Pipe Industry Expected to Reach INR 50,000 Crore
Market Size by FY25
The report highlights that the plastic pipes sector has achieved a robust 8% compound annual growth rate (CAGR) over the past decade, from FY15 to FY24, and is expected to reach a market size of INR 50,000 crore by FY25.
Jan 13, 2025
According to a recent report by Jefferies, India’s plastic pipe industry has immense growth potential as it has a lower per-capita pipe consumption compared to the global average. The report states that the country’s consumption levels are significantly below those of developed regions like the US, Europe, and China, highlighting a large untapped market.
The report also revealed that the plastic pipes sector has recorded an 8 percent compound annual growth rate (CAGR) over the past decade, from FY15 to FY24, and is projected to reach a market size of INR 50,000 crore by FY25.
The industry growth is expected to remain strong, fueled by increasing traction in the housing sector and infrastructure investments. However, the report also outlines challenges related to the key raw material, polyvinyl chloride (PVC). The PVC prices have been volatile, directly impacting margins for plastic pipe manufacturers.
While the PVC prices rose from INR 75 per kg at the end of September 2024 to inr 78 per kg by November 2024, they fell by around 4 percent in December
2024, indicating that the sharp declines in PVC prices can lead to inventory losses, as well as destocking by distributors, which brings down volume of pipe production.
The first half of FY25 witnessed weaker capex activity and a higher base effect from the previous year, which weighed on volume growth in the pipes and tiles segments. However, the segment is expected to recover in volumes during the second half of 2025, supported by a rebound in capex and business-tobusiness (B2B) activity.
Despite the challenges, the long-term growth prospects for India’s plastic pipe industry remain promising, supported by favorable market dynamics and surge in infrastructure investments.
Malpani Pipes and Fittings Gets BSE Nod for IPO
BSE has given approval to Malpani Pipes and Fittings Limited to launch an IPO which aims to raise INR 25 crore.
Jan 4, 2025
The Bombay Stock Exchange (BSE) has given inprincipal approval to Malpani Pipes and Fittings Limited to launch an initial public offering that aims to raise INR 25 crore.
BSE has paved the way for listing up to 30,00,000 company shares on the BSE SME platform. Interactive Financial Services has been appointed lead manager of the public Issue, while Bigshare Services Private Limited has been appointed official registrar of the IPO.
The net proceeds of the upcoming IPO will be used
for capital expenditures on plant and machinery, debt repayment, and general corporate purposes.
Welspun Corp Breaks Ground on Expansion of Arkansas Facility
Welspun Corp Limited is expanding its pipe manufacturing facility at its Little Rock plant in Arkansas, US. The expansion will enable Welspun to manufacture pipes up to 24-inch diameter and 0.750-inch wall thickness, with product grades up to X80 and total production capacity reaching 350 KMTPA.
Dec 13, 2024
Welspun Corp Limited has hosted a ceremony for the expansion of its pipe manufacturing facility at its Little Rock plant in Arkansas, US.
The expansion will enable Welspun to manufacture pipes up to 24-inch diameter and 0.750-inch wall thickness, with product grades up to X80 and total production capacity reaching 350 KMTPA. It will further lead to the addition of around 175 jobs at Welspun’s Little Rock plant. The upgrade is expected to be completed by March 2026.
Speaking on the occasion, Chairman of Welspun World, Mr. Balkrishan Goenka, said the state of Arkansas was like a second home to them. Welspun Corp Limited established its manufacturing presence in Arkansas in 2007. Since then, the company has expanded at the Port of Little Rock multiple times, investing over USD 300 million in its Arkansas facility, he added.
Mr. Vipul Mathur, Managing Director and CEO, Welspun Corp Limited, said the decision would further bolster Welspun’s leadership position in the oil & gas segment in the United States, and strengthen its presence in the global oil, liquids, gas and distribution markets. The upgraded facilities would further enable the company to tap into the growing hydrogen and carbon capture applications market in North America.
Newmalayalam Steel Limited Opens
INR 41.76 Crore IPO
The pipes and tubes manufacturer aims to raise INR 41.76 crore through its SME IPO, which is entirely a fresh issue of 46.40 lakh shares, available in the price range of INR 85-90 per share, with no offer for sale component. The offering will close for subscription on December 23. The company’s shares are expected to be listed on the NSE SME platform Emerge on December 27.
Dec 19, 2024
The initial public offer (IPO) of Newmalayalam Steel Limited opened for subscription, in the price range of INR 85-90 per share.
The Kerala-based company aims to raise INR 41.76 crore through its SME IPO, which is entirely a fresh issue of 46.40 lakh shares, with no offer for sale component. The offering will close for subscription on December 23. The share allotment is expected to be finalised on December 24.
Newmalayalam Steel will start crediting the shares into the Demat accounts of successful bidders on December 26, along with the initiation of refunds to non-allotees on the same day. The company’s shares are expected to be listed on the NSE SME platform
Emerge on December 27.
As per the prospectus, retail investors have to book at least 1,600 shares in each application, which takes the minimum investment amount for one lot to INR 1,44,000.
The company plans to utilise the funds raised via the IPO for technological upgradation of existing manufacturing facilities, expansion of existing solar facility for power generation, funding expenditure towards civil construction of new factory shed-cumstorage facility within existing factory premises in Kerala, and advertising, marketing & brand building.
Apart from this, some funds will be used for funding incremental working capital requirements, general corporate purposes and issue-related expenses.
Newmalayalam Steel Limited is engaged in the business of manufacturing galvanised pipes, tubes and sheets. The company has an electric resistance welding tube mill with an installed capacity of 3,500 MT at its manufacturing unit in Kerala.
Marketed under the brand name Demac Steel, its products find extensive application in the general households of Kerala as galvanised pipes and tubes are used for building roofs to reduce heat and avoid leakage.
Operational Natural Gas Pipeline in India Registers
Increase of 62.6 Percent
The operational natural gas pipeline in the country increased from 15,340 km in 2014 to 24,945 km in 2024. The development of about 10,805 km of natural gas pipeline is currently under execution.
Jan 10, 2025
The length of the operational natural gas pipeline in the country increased from 15,340 km in 2014 to 24,945 km as on September 30, 2024. Further, the development of about 10,805 km of natural gas pipeline was currently under execution.
This information was recently shared by the Ministry of Petroleum & Natural Gas (MPNG).
As per the Ministry, the execution of these pipelines would mark the completion of the national gas grid, connecting all major demand and supply centres in the country. This would ensure easy availability of natural gas across all regions and also help to achieve uniform economic and social progress.
It said the PNGRB has amended PNGRB (Determination of Natural Gas Pipeline Tariff) Regulations to incorporate the regulations pertaining to unified tariff for natural gas pipelines with a mission of ‘One Nation, One Grid and One tariff’.
PNGRB has notified a levelized Unified Tariff of INR 80.97/MMBTU with effect from July 1, 2024, and created three tariff zones for unified tariff, where the first zone was up to a distance of 300 km from gas source, second zone is 300-1200 km and third zone was beyond 1200 km.
The national gas grid covered all interconnected pipeline networks owned and operated by entities, such as Indian Oil Corporation Limited, Oil and Natural Gas Corporation Limited, GAIL (India) Limited, Pipeline Infrastructure Limited, Gujarat State Petronet Limited, Gujarat Gas Limited, Reliance Gas Pipelines Limited, GSPL India Gasnet Limited and GSPL India Transco Limited.
The reform would especially benefit the consumers located in far-flung areas where currently the additive tariff was applicable and facilitate development of gas markets and the vision of the government to increase the gas utilisation in the country.
Besides, the number of LPG connections more than doubled in a decade, going up from 14.52 crore in 2014 to 32.83 crore on November 1, 2024, registering a growth of above 100, it added.
Ministry of Steel Embarks on INR 15,000 Crore
Green Steel Mission
The Ministry of Steel is preparing the ‘Green Steel Mission’ with an estimated cost of INR 15000 crore. The Ministry has awarded two pilot projects to produce Direct Reduced Iron (DRI) using 100 % hydrogen in the vertical shaft. The government has also ensured Steel Import Monitoring System (SIMS) 2.0 revamping for more effective monitoring of imports and has incorporated Quality Control Order (QCO) for the standardization in steel production.
Dec 30, 2024
The government has taken decisive steps to enhance the industry’s environmental sustainability. The Ministry of Steel is preparing the ‘Green Steel Mission’ with an estimated cost of INR 15000 crore for helping the steel industry to reduce carbon emission and progress towards the net zero target.
The Mission includes PLI scheme for Green Steel, incentives for use of renewable energy and mandates for government agencies to buy green steel.
The Ministry of New and Renewable Energy also spearheaded The National Green Hydrogen Mission that integrates the steel sector into the broader goal of producing and using green hydrogen, contributing to the decarbonisation of steel production.
The steel sector is also a stakeholder in this Mission (The National Green Hydrogen Mission) and has been allocated budgetary support of INR 455 crores for implementation of pilot projects in the iron & steel sector under the Mission up to Financial Year 2029-30.
Under this mission, the Ministry of Steel has awarded two pilot projects to produce Direct Reduced Iron (DRI) using 100 % hydrogen in the vertical shaft. The first pilot project, initiated on Sept 19, 2024 is to use hydrogen in existing blast furnaces to reduce coal/ coke consumption. The second pilot projects for injection of Green Hydrogen in existing vertical shaft based DRI making units to partially substitute the natural gas are also being explored.
A report on ‘Greening the Steel Sector in India: Roadmap and Action Plan’ on the basis of the recommendations of 14 Task Forces constituted by the Ministry of Steel on various key levers of decarbonisation of the steel sector, was released on Sept 10, 2024.
The Ministry has also released the Taxonomy for Green Steel on Dec 12, 2024 to provide standards for defining and categorizing the low emission steel, facilitating the
green transition of the steel industry.
Further, to boost domestic steel manufacturing of ‘Specialty Steel’, a key initiative is the ProductionLinked Incentive (PLI) Scheme, aimed at attracting capital investments and reducing imports. Participating companies have committed to an investment of INR 27,106 crore, and estimated a production of 7.90 million tonnes of ‘Specialty Steel’ under the scheme. As of October 2024, companies have already invested INR 17,581 crore in this scheme.
The government as a facilitator has taken the following measures to create a conducive policy environment for increasing production and consumption of steel in the country such as - Implementation of Domestically Manufactured Iron & Steel Products (DMI&SP) policy for promoting ‘Make in India’ steel for Government procurement; and Reduction in the Basic Customs Duty (BCD) on Ferro Nickel, a raw material used in steel production, from 2.5 percent to zero, making it duty free. The government has also made a duty exemption on ferrous scrap up to March 31, 2026 in the Budget 2024.
The government has also ensured Steel Import Monitoring System (SIMS) 2.0 revamping for more effective monitoring of imports to address the concerns of the domestic steel industry. The data submitted by importers on the SIMS portal is compiled and published on the Ministry of Steel website on a fortnightly basis. The revamped SIMS would provide more detailed information regarding Standards and Grades of Steel being imported. It will facilitate in
taking appropriate policy measures to address the concerns of the domestic steel industry due to any surge in import of steel.
Furthermore, there is a sufficient reserve of iron ore and non-coking coal in the country but, the coking coal is imported in the country. Steel CPSEs has been procuring coking coal from a diversified group of countries mainly Australia, United States, Russia, Indonesia, Mozambique etc.
Most of the coking coal produced domestically in the country had a very high ash content making it redundant in the manufacture of steel, it has led to the import of 51.20 MMT (Million Metric Tonne) in 2020-21, 57.16 MMT in 2021-22, 56.05 MMT in 2022-23, 58.12 MMT in 2023-24 coking coal and 30.19 MMT in 2024-25 for the period Apr’24 - Sep’24. A major portion of this import is from Australia.
Therefore, the development of a global strategy for India’s steel sector is crucial for enhancing its competitiveness and sustainability in the international
market. Fostering partnerships with global players and participating in international forums can help India align its standards with global best practices.
Accordingly, a Working Group has been formed to formulate India’s Steel Global Outlook Strategy with focus on the four strategic areas for collaboration viz. Raw Materials, Investments, Technologies, and Steel Exports.
Moreover, measures have been taken to formulate standards for the steel consumed in the country and incorporate them in the quality control order (QCO). Standardization involves establishing uniform specifications, testing methods, and manufacturing processes for steel production. This ensures consistency in the quality of steel across different manufacturers. By enforcing QCO, the Government enforces supply of only quality products. By far 151 such steel standards formulated by BIS have been incorporated in the QCO and this exercise is continuing towards the goal of formulating standards for all the steel consumed in the country.
Mexico to Invest USD 1.6 Billion to Modernize Seaports for Steel Imports
The investment of USD 1.59 billion would be used for the modernization and expansion of six seaports, making them more accessible for import of raw material used in the production of steel, as well as for finished steel products.
Dec 10, 2024
The Mexican government has announced an investment of USD 1.59 billion for the modernization and expansion of six seaports, making them more accessible for import of raw material used in the production of steel, as well as for finished steel products.
President Claudia Sheinbaum said the government would spend USD 658 million to modernize the seaport of Manzanillo in Colima on the Mexican Pacific. The seaport of Lázaro Cárdenas, Michoacán, would be given USD 297 million. The government would invest USD 278 million to modernize the seaport of Ensenada, Baja California, also on the Mexican Pacific, while Veracruz would be given USD 87 million, it added.
According to a leading Mexican steel association, the reception capacity of the Manzanillo seaport, which was given 41.4 percent of USD 1.59 billion, was 99
percent of finished steel products and 1.0 percent was inputs.
The association said the seaport of Lázaro Cárdenas, Michoacán (the home of ArcelorMittal in Mexico), given 18.7 percent of the total investment, received 95.0 percent of raw materials and rest finished products.
The seaport of Ensenada, Baja California, specialized 100 percent in receiving finished steel products. The receiving capacity of Veracruz, located in the Gulf of Mexico, which was given 5.5 percent of the total investment, had the reception capacity of 48 percent finished products and 52 percent inputs. The steel association termed Veracruz as a key port for the industry for trade with Europe.
Tubacex Secures its Largest Umbilical Tubes Order
The project has been commissioned by a globally leading oil and gas company, solidifying Tubacex’s position as a benchmark in advanced tubular solutions.
Dec 10, 2024
Tubacex, a global leader in the manufacturing of advanced industrial solutions for the energy and mobility sectors, has achieved a significant milestone with the booking of its largest order to date for umbilical tubes within the oil and gas segment. This landmark order reinforces Tubacex’s position as a technical leader in high-performance tubular solutions.
The order will be executed between 2025 and 2026. Tubacex’s production plants in Spain and Austria will play a pivotal role in delivering the project, utilizing their cutting-edge facilities to meet the client’s high technical standards.
“This record-breaking order underscores Tubacex’s leadership in delivering advanced solutions for the most demanding applications. It highlights our ability to meet complex technical requirements, positioning us as a trusted partner in the Oil & Gas industry,” said Jesús Esmorís, CEO of Tubacex.
Tubacex continues to prioritize innovation and operational excellence, aligning with its strategic goals to provide high-value-added solutions globally. With a backlog exceeding €1.6 billion, the company is wellpositioned to leverage market opportunities while advancing sustainability and technical innovation across its operations.
IOC to Invest over INR 21,000 Crore in Bihar’s City Gas Projects
The company will set up a network of retail CNG to automobiles and piped cooking gas to households and industries in 27 cities of Bihar, along with expanding its Barauni refinery to 9 million TPA.
Dec 24, 2024
The Indian Oil Corporation (IOC) will invest over INR 21,000 crore to expand its Barauni refinery as well as set up a city gas distribution network in the state of Bihar.
According to a company executive, IOC is expanding its Barauni refinery to 9 million TPA from current 6 million TPA, along with a petrochemical plant at a cost of about INR 16,000 crore. It will invest another INR 5,600 crore in setting up a network to retail CNG to automobiles and piped cooking gas to households and industries in 27 cities of Bihar.
The expansion of the petrochemical plant is scheduled to be commissioned by 2025. The investments are part of the IOC’s aim to become a USD 1 trillion company by 2047, as per the company’s executive.
The company has drawn up an extensive capital expansion plan, proposing to invest more than INR 2 lakh crore over the decade to expand its refining capacity, petrochemical integration, allied infrastructure and renewable energy assets.
Central Government Announces INR 11,440 Crore Package for Visakhapatnam Steel Plant
The central government has announced a financial package of INR 11,440 crore to Rashtriya Ispat Nigam Limited (RINL), better known as Visakhapatnam Steel Plant (VSP) after undergoing huge financial losses.
Jan 18, 2025
The central government has announced a financial package of INR 11,440 crore to Visakhapatnam-based public sector undertaking, Rashtriya Ispat Nigam Limited (RINL), better known as Visakhapatnam Steel Plant (VSP) to bail out the company from a huge financial crisis.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved this package during a meeting held in New Delhi.
N Chandrababu Naidu posted on his social media account about the new development stating that it is an emotional and proud moment for people of Andhra Pradesh, as the Union Government has approved financial support of INR 11,440 crore to revive the Vizag Steel Plant.
The revival package includes fresh equity infusion of INR 10,300 crore and the conversion of working capital loan into preferred share capital of INR 1,140 crore.
A report by the media revealed that Visakhapatnam Steel Plant, with an annual production capacity of 7.3 million tonnes, incurred losses of INR 4,848.86 crore in 2023-24 and INR 2,858.74 crore in 2022-23. The main reason for these losses is the increasing debt incurred for working capital.
With this revival package, many of the problems that RINL used to face will be resolved. Located in the coastal city of Visakhapatnam, this is a very important steel company in the overall steel sector of the country.
Make in Odisha Conclave 2025 Promotes Industrial
Growth & Investments
SMS group participated in the Utkarsh Odisha – Make in Odisha Conclave 2025 with its latest advancements in green steel technology and a technology app effectively showcasing its offerings and plant manufacturing capabilities, aligning with India’s vision for a sustainable future powered by renewable energy sources.
Feb 5, 2024
SMS group participated in the Utkarsh Odisha – Make in Odisha Conclave 2025, held in Bhubaneswar, Odisha on January 28-30, 2025. The event, inaugurated by Prime Minister Narendra Modi, marked a significant milestone in promoting industrial growth and investment in the region, aiming to position Odisha as the industrial powerhouse of Eastern India.
During the conclave, SMS group highlighted its state-of-the-art production facilities located in Bhubaneshwar, Khordha, and Mancheshwar of Odisha.
These state-of-the-art workshops demonstrate SMS group’s commitment to the ‘Make in India for the World’ initiative, showcasing advanced manufacturing capabilities and sustainable practices. A key highlight was the use of a technology app to effectively showcase SMS group’s offerings, providing an interactive experience for attendees.
SMS group’s participation was strategic, with a display booth at the exhibition, and key activities including the attendance of Mr. Stefano Pari, COO, APAC & MEA, SMS group and Mr. Rakesh Adlakha, Sr. Vice President, Global Supply Chain Network, SMS India at the Chief Minister’s Roundtable Conference. This engagement provided a valuable platform to align with government officials and industry leaders, fostering collaboration and exploring partnerships. Additionally, customer meetings were conducted to further strengthen ties and explore new business opportunities.
SMS group presented its latest advancements in green steel technology, aligning with India’s vision for a sustainable future powered by renewable energy
sources. This focus on innovation and sustainability highlights SMS group’s dedication to supporting India’s growth trajectory.
Mr. Stefano Pari further stated, “Our participation in the Make in Odisha Conclave 2025 underscores our dedication to supporting India’s growth trajectory. We are proud to contribute to Odisha’s industrial ecosystem with our innovative solutions and sustainable practices.”
SMS group reiterated its commitment to contributing to Odisha’s industrial landscape, emphasizing ongoing investments in infrastructure and technology that support the state’s economic development. The conclave provided a platform for the SMS group to explore partnerships and collaborations, leveraging Odisha’s strategic location and burgeoning industrial sectors. SMS group also took the opportunity to showcase its plant manufacturing capabilities, demonstrating its technological prowess and commitment to excellence.
World’s First Domestic Hydrogen Gas Pipeline Network Completed in Scotland
In a major development to green energy transition, the world’s first domestic hydrogen gas pipeline network has been completed in Levenmouth, Fife providing residents in the area with an opportunity to become part of Scotland’s inaugural green hydrogen community by signing up for the H100 Fife trial.
Dec 06, 2024
In a major development to the green energy transition, world’s first domestic hydrogen gas pipeline network has been completed in Levenmouth, Fife. This groundbreaking project, H100 Fife, will utilize green hydrogen gas produced from renewable electricity sourced from a local 7MW offshore wind turbine.
The 8.4km pipeline network is expected to provide residents in the area with the opportunity to become part of Scotland’s inaugural green hydrogen community by signing up for the H100 Fife trial. To ensure a smooth transition, gas engineers are undergoing specialized training to connect homes to the new hydrogen gas mains, with a partnership with Fife College expected to lead to the opening of the UK’s first hydrogen training facility early next year.
The facility will equip existing gas-safe engineers with the necessary skills to install new hydrogen appliances.
Max Biret, H100 Fife Distribution Manager, expressed enthusiasm about the network’s completion, crediting the collaborative efforts of SGN’s team and SMART Utilities. He also extended gratitude to the Levenmouth community for their support and cooperation throughout the project.
Preet EPC P. Limited Commissions CNC Roll-Turning
Lathe Machine
Preet EPC P. Limited has successfully commissioned the first-ever CNC roll-turning lathe machine, with a turning capacity of up to 100 tonnes, manufactured in India.
Jan 24, 2025
Preet EPC P. Limited, a company providing a range of machining solutions to various sectors, has successfully commissioned the first-ever CNC rollturning lathe machine, with a turning capacity up to 100 tonnes, manufactured in India with hydrostatic guides.
Supplying it to Sail Bhilai Steel Plant and Steel Authority of India Limited, the company highlights the country’s growing capabilities in precision engineering and heavy machinery.
This achievement by Preet Group perfectly aligns with the ‘Make in India’ and ‘Atmanirbhar Bharat’ vision championed by the Government of India. It showcases India’s potential to innovate, manufacture, and compete globally in high-tech industrial equipment.
JSW Steel Dolvi Works Orders 350-Tonne Capacity BOF Converter from SMS group
JSW Steel’s strategic expansion will increase the annual capacity of the existing steel mill by 3.7 million tonnes per year. The expansion project involves the installation of one of India’s largest Basic Oxygen Furnace (BOF) converters, boasting a 350-tonne capacity.
Feb 04, 2025
JSW Steel Dolvi Works has commissioned SMS group to supply a 350-tonne BOF converter, including a twin ladle furnace, gas cleaning plant, and corresponding level 1 and level 2 automation. The project is part of JSW Steel’s strategic expansion plans, which will increase the capacity of the existing steel mill by 3.7 million tonnes per annum. This order is a testament to the strong business relationship between JSW Steel and SMS group, and reinforces SMS group’s position as a technology leader and preferred supplier in the steel industry.
Some of the highlights of the new BOF converter, one of the largest to be installed in India, include an advanced oxygen lance system capable of a maximum blowing capacity of 1,250 Nm³/min, which will significantly enhance the plant’s production efficiency. The facility will also be equipped with a cutting-edge automation system, which provides users with a complete view of the plant without the need to switch between various automation levels. Additionally, SMS will supply various process optimization models that integrate process control, production strategies, and
metallurgical models, thus providing consistent quality and production reliability.
In addition to the new steelmaking facilities, SMS group secured separate orders in 2024 for a new 4.5 million tonnes per annum blast furnace and a first-of-its-kind CSP® Nexus, an integrated casting and rolling mill that is capable of producing hot strip and plate with a maximum width of 2,600 millimeters on a single plant. The project also marks a significant milestone for JSW Steel, with the support of SMS group’s technology. Together with the new blast furnace and the CSP® Nexus plant, this project will enable JSW to produce the highest-quality materials. The new steel mill will go into operation in 2026.
Acerinox Sells its Subsidiary Bahru Stainless for USD 95 million.
Acerinox S.A completed the sale of its subsidiary to Worldwide Stainless for a total sum of USD 95 million.
Dec 13, 2024
Spanish stainless-steel producer Acerinox has announced that it has completed the sale of its Malaysia-based subsidiary Bahru Stainless to Worldwide Stainless.
Acerinox decided to discontinue the operation of Bahru Stainless in May last year after evaluation. The decision was made due to heavy losses suffered by the company caused by competition from Chinese manufacturers.
‘‘The sale is an important strategic decision designed to defend the interests of employees, customers, and the community,’’ said Acerinox CEO Bernardo Velázquez Herreros.
SAIL Supplies 45,000 Tonnes Steel for Mahakumbh Mela 2025
The steel supplied by SAIL will play a crucial role in supporting the construction of various temporary structures essential for the smooth and successful conduct of the Mahakumbh Mela 2025, including pontoon bridges, passage, temporary steel bridges, substations and flyovers.
Jan 10, 2025
The Steel Authority of India Limited (SAIL) has supplied approximately 45,000 tonnes of steel for the upcoming Mahakumbh Mela 2025, to be held in Prayagraj from January 13, 2025.
The total quantity of steel supplied includes chequered plates, hot strip mill plates, mild steel plates, angles and joists. Earlier also, SAIL had supplied steel during the Mahakumbh Mela of 2013, demonstrating the company’s consistent support for the notable public event.
The steel supplied by SAIL will play a crucial role in supporting the construction of various temporary structures essential for the smooth and successful conduct of the Mahakumbh Mela 2025, including pontoon bridges, passage, temporary steel bridges, substations and flyovers.
Major customers for this steel supply include the Public Works Department (PWD), Uttar Pradesh State Bridges Corporation, Electricity Board and their suppliers.
SAIL is a proud steel contributor for such a large-scale event which symbolizes the company’s commitment to the nation’s rich cultural heritage. The company contributes to national projects that enhance the country’s infrastructure and promote cultural & social well-being.
PLI Scheme For Specialty Steel Attracted Investment
Worth INR 17,581 Crore Till October: Steel Ministry
The Ministry of Steel is anticipating an investment of INR 27,106 crore, creation of 14,760 jobs and production of 7.9 million tonnes of specialty steel identified under the scheme.
Jan 2, 2025
The Production Linked Incentive (PLI) scheme, which was launched by the Ministry of Steel in July, 2021 to promote the manufacturing of specialty steel within the country and reduce imports, has attracted capital investments worth INR 17,581 crore and led to the creation of over 8,660 jobs, till October 2024.
According to a statement released by the Ministry of Steel, the participating companies have committed to an investment of INR 27,106 crore, leading to direct employment for 14,760 people and estimated production of 7.9 million tonnes of specialty steel identified in the scheme.
As per the Ministry, the country produced 82.47 million tonnes of crude steel and 79.13 million tonnes of
finished steel in Apr-Oct ‘23. The consumption of steel during the period stood at 76.01 million tonnes.
In Apr-Oct ‘24, the total production of crude steel increased to 85.40 million tonnes, while the production of finished steel reached 82.81 million tonnes. The total consumption of steel increased to 85.70 million tonnes during the same period.
Japan’s JFE Steel Secures USD 665.26 Million Funding
for Decarbonization of Steelmaking
Process
Under the green transformation project worth USD 2.07 billion, JFE will build a large electric arc furnace (EAF), having production capacity of around 2 million TPA, to manufacture electrical steel sheets and high-tensile steel sheets, which cannot be produced in existing large electric arc furnaces.
Dec 26, 2024
JFE Steel has received government funding worth USD 665.26 million to build an innovative, high-efficiency, large electric arc furnace (EAF) with a production capacity of around 2 million TPA at its West Japan Works steel plant, located in Kurashiki city of Japan.
As per the Japanese company, in order to promote the development of ultra-innovative technologies to achieve carbon neutrality by 2050, it had applied in November for “Energy and Manufacturing Process Conversion Support Project in Industries Where Emissions Reduction is Difficult (Project I (Iron and Steel),” a government support measure that utilized GX Economic Transition Bonds and advanced research & development efforts to decarbonize a company’s operations.
Under the green transformation project worth USD 2.07 billion, JFE will equip its EAF with high-quality, high-efficiency melting technology, being developed through the GI Fund project, in addition to its own proprietary technologies, including the use of direct reduced iron (DRI).
By incorporating these technologies and utilizing low-carbon reduced iron, JFE aimed to introduce the world’s largest electric arc furnace and become the
first in the world to realize a mass supply system for high-quality, high-performance steel products, such as electrical steel sheets and high-tensile steel sheets, which could not be produced in existing large electric arc furnaces.
The EAF is scheduled to begin operations in the first quarter of the financial year 2028-29.
The company said it was constructing various test
facilities at its East Japan Works plant in Chiba area, including a carbon recycling test blast furnace and a small test electric furnace, to conduct demonstration tests related to the ‘GI Fund Project/NEDO project for utilizing Hydrogen in the steelmaking process’.
By concentrating the construction of development facilities in the same area, JFE was promoting the efficient development of ultra-innovative technologies, it added.
European, Asian Companies Reduce Over 50000 Tons Carbon Emissions with Outokumpu’s Circle Green
Leading companies from Europe and Asia lowered their carbon footprint by up to 93 percent in stainless steel by using Circle Green, a spearhead solution launched by Outokumpu in May 2022.
Dec 31, 2024
Several leading companies from various industry sectors in Europe and Asia have been able to lower their carbon footprint by up to 93 percent in stainless steel by using Circle Green, a spearhead solution launched by Outokumpu in May 2022.
As per Outukumpu, global leader in sustainable stainless steel, this was the first-of-its-kind innovation on a global scale with such a low carbon footprint and product-specific footprint calculation for every delivery, which resulted in total emission reduction of 50400 tons between May 2022 and December 2024.
Today, more than 30 leading companies from various industry sectors in Europe and Asia were using this solution to reduce their carbon footprint.
“Outokumpu is committed to a science-based climate target aligned with the Paris Agreement. Our efforts on achieving 95 percent recycling rate in our production, using low-emission electricity and producing our own ferrochrome underline the leadership position in sustainability. The frontrunner companies have seen the business value of offering Circle Green to their customers through their solutions”, says Jörg Müller, Head of Sales for Stainless Europe at Outokumpu.
“Even though the journey is still in its early phase, the volumes have multiplied year by year. We are confident that the growth will continue, and we are currently working on extending our low-emission stainless steel portfolio to be available early next
year. Challenges still remain in scaling up green steel production, such as the high initial investment costs, the availability of renewable energy sources, and the sufficiency of recycled steel as raw material. We are eager to further develop the demand for green steel together with our stakeholders”, he adds..
Outokumpu evaluates that the demand for green steel is expected to surge significantly within the next few years, but the pace for accelerating the global green transition should be faster to reduce the climate impact of the industry. Several factors are driving the demand: increasing focus on sustainability, stricter environmental regulations, i.e. carbon pricing, innovations in green steel production, and growing interest in low-emission solutions in certain industry sectors due to ambitious climate targets. For stainless steel, these sectors are especially automotive, heavy industry, energy and consumer goods.
Afghanistan Advances TAPI Pipeline Construction
Afghanistan has completed another 3 kilometers of TAPI gas pipeline. Once completed, the project pipeline is designed to deliver 33 billion cubic meters of gas annually, with 5% going to Afghanistan and 47.5% each to Pakistan and India.
Jan 15, 2025
Work continues on the long-stalled TurkmenistanAfghanistan-Pakistan-India pipeline, popularly known as TAPI gas pipeline, with Afghanistan completing another 3 kilometers of the pipeline in western Herat province.
The Afghanistan government is pursuing a phased construction. The CEO of the TAPI Project, Muhammetmurad Amanov, assured progress during a meeting with Herat Governor Sheikh Maulana Islamjar, adding that the extension of the gas pipeline was progressing at a fast pace.
The TAPI project, inaugurated on September 10, 2024, aims to transport natural gas from Turkmenistan’s Galkynysh gas field through Afghanistan to Pakistan
and India. The pipeline is designed to deliver 33 billion cubic meters of gas annually, with 5% going to Afghanistan and 47.5% each to Pakistan and India.
The project is seen as key to regional economic integration and diversification of Turkmenistan’s energy exports. Upon completion, it has the potential to earn Afghanistan USD 1 billion in transit fees yearly and create more than 12,000 jobs.
Tata Steel Commences Production at a New Continuous Annealing Line Facility in Odisha
The state-of-the-art Continuous Annealing Line (CAL) at Tata Steel’s Cold Rolling Mill Complex in Kalinganagar plant of Odisha will produce high quality automotive steel, including Advanced High Strength Steels (AHSS), offering unparalleled consistency and reliability.
Jan 20, 2025
Tata Steel has announced the successful production of first annealed coil at its new Continuous Annealing Line (CAL) at the Cold Rolling Mill Complex in its Kalinganagar plant in Odisha.
As per the leading global steel producer, the future ready technology equipped in its new CAL positioned it amongst the top three benchmark automotive lines in the world.
The facility will produce high-quality automotive steel, including Advanced High Strength Steels (AHSS), offering unparalleled consistency and reliability.
This CAL was set up as a part of our Kalinganagar Phase 2 expansion from 3 MTPA to 8 MTPA, enabling the steel major to deliver innovative solutions to the evolving automotive market.
Tata Steel Kalinganagar is the country’s largest singlelocation greenfield steel project and the first Indian plant to be included in the elite Global Lighthouse Network of the World Economic Forum for its leadership in applying Industry 4.0 technologies.
SAIL, John Cockerill to Invest Around INR 6,000 Crore
for Building Downstream Steel Plant
Steel Authority of India and John Cockerill India will jointly invest around INR 6,000 crore on setting up a downstream plant for steel that will produce cold-rolled grain-oriented and cold-rolled non-oriented types of electrical steel. The project is expected to come onboard between 2027 and 2029.
Jan 13, 2024
Steel Authority of India and John Cockerill India will jointly invest around INR 6,000 crore on setting up a downstream plant for steel.
As per a media report, the plant will be used for the production of cold-rolled grain-oriented and coldrolled non-oriented types of electrical steel.
The hot-rolled coils (HRCs) will be supplied from SAIL, while the downstream unit itself is likely to be set up at one of SAIL’s existing plants, the report said.
While a final call on where the plant will be set up is yet to be made, the project is expected to come on-board between 2027 and 2029.
Earlier, in November 2024, SAIL had signed a memorandum of understanding with John Cockerill
India for green steel technologies and innovation, with a focus on carbon steel, green steel and silicon steel.
Essar Group to Invest USD 650 Million in US Steel Plant
Essar Group plans to invest an additional USD 650 million in its US plant. It had invested USD 1.7 billion earlier.
Jan 24, 2025
Essar Group plans to invest an additional USD 650 million in its US steel plant in the state of Minnesota. It had invested USD 1.7 billion earlier.
Prashant Ruia, Director of Essar Group, said, ‘‘We are building a 7 million tonnes per annum (MTPA) iron ore mining and pelletisation facility, with 1.3 billion tonnes high-grade iron ore reserve.’’
He adds, ‘‘This initiative is central to the US steel industry’s transition toward more sustainable,. With USD 1.7 billion invested so far, and an additional USD 650 million planned, we are creating more than 700 direct jobs in the US and making a significant contribution to local economic development.’’
Mr. Prashant
Ruia, Director of Essar Group
Alliance Announces its Expansion into Tubular Market
The Alliance Family of Companies has launched Alliance Tubular Products to expand into tubular market
Nov 29, 2024
The Alliance Family of Companies has announced its expansion into the tubular market with the launch of Alliance Tubular Products. This strategic move reinforces the company’s commitment to providing exceptional service and high-quality products to its customers. The new tubular products division will be on campus along with Alliance Steel’s headquarters and coil processing facility in Gary, Indiana, US. The production is underway and will continue to expand in 2025.
Alliance Tubular can produce virtually any square and rectangle tube with size range between 1.5” - 5.0” (38mm - 127mm) sq and 1.5 x 2.0” - 4.0 x 6.0” (102 x 152mm). Alliance Tubular Products manufactures Electric Resistance Welded (ERW) products and steel HSS tubing. ATP can also produce up to 50’ lengths. The mill is a fully automated direct form line, utilizing all the latest technologies and efficiencies to optimize speed and consistency.
Carl Johnson will lead the Alliance Tubular Products division. Talking about the new development,
President and COO Drew Gross, Alliance Steel, said, “We are excited to announce our strategic expansion into the tubular products market. Our newest expansion signifies our dedication to delivering an even higher level of products and value add to our customers. Adding Alliance Tubular Products into our existing portfolio of companies (Alliance Steel, Alliance Processing Corp, and Alliance Fabrication and Manufacturing) signifies our commitment to longterm growth and sustainability. We have achieved an extremely high level of vertical integration across the family of companies at our state-of-the-art Gary, IN facility. This milestone significantly bolsters our standing as a trusted and all-encompassing provider of steel solutions in the industry.’’
China’s Xinfeng Steel to Build Industrial Complex in Egypt worth USD 1.65 Billion
Spread over an area of 3.75 million square meters, the project encompasses the setting up of nine factories, and is slated for completion in two phases over five years.
Dec 27, 2024
Chinese steelmaker XinFeng Egypt has unveiled plans to develop a state-of-the-art industrial complex in the Ain Sokhna Integrated Zone, part of the Suez Canal Economic Zone, with an investment of USD 1.65 billion.
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with XinFeng Egypt Chairman Tian Haikui to review the progress of this strategic initiative, which will bolster the region’s industrial capabilities and attract significant international attention.
The project encompasses nine factories spread over an area of 3.75 million square meters and is slated for completion in two phases over five years.
The first phase will witness the setting up of four factories focused on producing automotive brake disc components, home appliance components, standard fasteners (bolts and nuts), and hot-rolled steel coils.
As per media reports, Xinfeng Steel will itself build a
steel plant in Ain Sokhna with a capacity of 2 million TPA of hot-rolled coils. The company will be equipped with two 120 tonnes electric arc furnaces.
The second stage will see the construction of five more plants, including a cold-rolled coil production facility. These plants will specialize in manufacturing automotive components from aluminum and magnesium alloys, steel structure equipment, automotive drum brake components, construction machinery components, and cold-rolled steel coils, marking the full realization of the complex.
Minister Al-Wazir reaffirmed the government’s
commitment to supporting XinFeng Egypt by expediting the issuance of industrial licenses and facilitating project-related procedures. He emphasized the need to streamline project timelines, including equipment delivery and installation, to ensure the swift initiation of production.
To further accelerate the process, the Minister handed over a proposed project timeline to XinFeng’s chairman, signaling the next steps following the finalization of the contract. This project highlights Egypt’s dedication to enhancing its industrial landscape and attracting major global investments.
EMSTEEL Joins Forces with Modon to Decarbonize
UAE’s Construction Industry
Aligning with the UAE’s Net-Zero 2050 Strategy, the collaboration aims to facilitate decarbonization across the construction value chain by introducing green steel produced with certified renewable hydrogen. This green steel, sourced from the EMSTEEL Group and Masdar’s pioneering green hydrogen pilot project, sets a new benchmark for sustainable and responsible construction practices.
Dec 17, 2024
EMSTEEL Group, UAE’s largest steel and building materials manufacturer, has entered into a strategic alliance with Modon, a master developer known for vibrant and sustainable communities, making it the first real estate developer to use low-carbon steel in the UAE.
This collaboration underscores EMSTEEL and Modon’s vital role in driving the construction industry’s transition toward sustainability and decarbonization.
Aligned with the UAE’s Net-Zero2050 Strategy, the partnership aims to facilitate decarbonization across the construction value chain in the UAE and the wider region by introducing green steel produced with certified renewable hydrogen.
This green steel, sourced from the EMSTEEL Group and Masdar’s pioneering green hydrogen pilot project, the first-of-its-kind in the MENA region, sets a new benchmark for sustainable and responsible construction practices.
Ibrahim Al Maghribi, CEO of Modon Real Estate, said: “This strategic alliance not only underscores our commitment to sustainability but also positions Modon as a leader in the adoption of low-carbon building materials. By integrating green steel into our projects,
we are taking a significant step towards reducing our carbon footprint and supporting the UAE’s green targets.”
Saeed Alghafri, CEO, Emirates Steel, part of EMSTEEL Group, said: “With the recent launch of our green hydrogen pilot project with Masdar, we are elevating our utilisation of clean energy and laying the foundation for future implementation of clean hydrogen for green steel production at scale, contributing directly to the UAE’s net-zero strategy and national hydrogen economy targets. As the first steelmaker in the world to capture its CO2 emissions, and the first steelmaker in the MENA region to demonstrate green hydrogen for green steel production, we believe that our partnership with Modon will play a key role in building on our efforts to decarbonize industry at scale. We are excited to continue exploring the potential that such groundbreaking partnerships can promise to the well-being of future generations.”
Steel Ministry Seeks Doubling of Import Duty on Finished Steel
The Ministry of Steel has asked the Ministry of Finance to double the basic customs duty on imported finished steel products. The custom duty is expected to increase from the current 7.5 percent to 15 percent in the upcoming Union Budget for 2025-26.
Dec 31, 2024
In order to protect domestic steel manufacturers from the growing influx of cheaper steel imports, the Ministry of Steel has asked the Ministry of Finance to double the basic customs duty.
As per a report, the custom duty on imported finished steel products may increase from the current 7.5 percent to 15 percent in the upcoming Union Budget for 2025-26.
The Steel Ministry took this decision on the basis of higher import duty lessening the effects of rising imports of finished steel on domestic producers.
During FY ’24, India was a net importer of steel with imports exceeding exports by 8.3 lakh tonnes. In contrast, India was a net exporter in FY ’23 with exports exceeding imports by 7.0 lakh tonnes.
bp Wins ONGC Contract to Increase Oil and Gas Production
UK-based global energy company bp has won the contract to operate and increase the oil and gas production from ONGC flagship Mumbai High.
Jan 8, 2024
UK-based global energy company bp has won the contract to operate and increase production from Oil and Natural Gas Corporation’s (ONGC) flagship Mumbai High oil and gas field which has been witnessing a gradual fall in output for over three decades.
The Mumbai High field lies in Mumbai’s offshore basin in the Arabian Sea. The field’s current production levels are around 134,000 bpd of crude and 13 bcm of natural gas. The output was expected for further decline substantially over the next 10-15 years. This has led to the Indian oil and gas major looking for a solution to increase its production.
In June, the state-owned ONGC had sought bids from international oil and gas players to increase production from the field.
bp and Royal Dutch Shell were the only international players that participated in the tender, which offered the foreign partner a share in revenue from the
hydrocarbon production and a fixed fee, but no stake in the field.
According to ONGC, bp has indicated an increase of up to 60 per cent in oil and oil equivalent gas from the field’s baseline production levels over the 10-year contract period.
The contract’s financial details have not yet been divulged.
Japan’s Nippon Steel to Supply Seamless Line Pipes to Singapore’s HUPSTEEL
Nippon Steel will supply green steel under the brand ‘NSCarbolexTM’ Neutral to HUPSTEEL Private Limited for petrochemical, construction, marine and offshore sectors.
Jan 31, 2025
Global steelmaker Nippon Steel Corporation will supply low-carbon seamless line pipes to leading Singaporean steel pipe distributor HUPSTEEL Private Limited.
Nippon Steel will supply green steel under the brand ‘NSCarbolexTM’ Neutral to HUPSTEEL for the petrochemical, construction, marine and offshore sectors.
As per the company, Nippon Steel, in a joint endeavour with its steel distributor subsidiary Nippon Steel Trading Corporation, will supply NSCarbolexTM Neutral to HUPSTEEL, one of the largest steel pipe distributors in Singapore for more than 75 years, which has
developed its business with a focus on steel pipes in the Asia-Pacific region.
This is the first seamless line pipe supply order for Nippon Steel. The Japanese steel giant will collaborate with HUPSTEEL to become a front-runner in sustainable steel distribution in the Asia-Pacific region through the provision of green steel.
Government Imposes Restrictions on Import of Low-Ash Met Coke
The Directorate General of Foreign Trade (DGFT) has imposed country-wise quantitative restrictions (QR) for two quarters of 2025, including January-March and April-June, limiting imports to 713,583 tonnes for each quarter.
Dec 31, 2024
In a move aimed to protect domestic producers, the Government of India has restricted the import of low ash metallurgical coke (met coke), a key steelmaking ingredient, for six months, starting January 1, 2025.
As per a notification issued by the Directorate General of Foreign Trade (DGFT), a department under the Union Ministry of Commerce and Industry, the import of met coke having ash content below 18 percent has been placed under the restricted list.
The country-wise quantitative restrictions (QR) have been imposed for two quarters of 2025, including January-March and April-June, limiting imports to 713,583 tonnes for each quarter.
Imports coming from Poland would be affected most, restricted at 253,168 tonnes for each quarter, followed by Colombia restricted to 124,886 tonnes for each quarter and Japan imports limited at 104,990 tonnes
per quarter.
As per the notification, the quota would be monitored on a quarterly basis. Total imports allowed in one quarter should not exceed the total of that quarter and the next quarter. Any unutilised quota for one quarter should be added to the next quarter.
In case the countries with specific quantities exhaust their allocated QR’s, they may use their available residual quantity. The DGFT would review utilization of imports in the first week of April, 2025, and may revise the allocated quantities based on the actual imports affected, it added.
JSW Steel Completes Acquisition of thyssenkrupp Electrical Steel India for
INR 4158 Crore
JSW Steel has acquired thyssenkrupp Electrical Steel (tKES) India Private Limited, the specialty steel unit of German engineering group thyssenkrupp, for INR 4158 crore.
Feb 5, 2025
JSW Steel Limited, in collaboration with Japan’s JFE Steel Corporation, has successfully completed the acquisition of thyssenkrupp Electrical Steel (tKES) India Private Limited, the specialty steel unit of German engineering group thyssenkrupp, located in Nashik, Maharashtra, for INR 4,158 crore.
On October 18, 2024, JSW Steel had announced plans to acquire tKES India in an all-cash deal through Jsquare Electrical Steel Nashik, a 50:50 joint venture between JSW Steel and JFE Steel Corporation.
Following the acquisition on January 30, 2025, Jsquare now owns 100 percent of equity interest in tKES India, one of the first manufacturers of grain-oriented electrical steel (GOES) in the country.
The JV has also secured agreements for technology licenses or transfers from thyssenkrupp group entities. As per an exchange filing by JSW Steel, the agreements will ensure seamless transfer of intellectual property and manufacturing expertise to Jsquare.
The leading steel manufacturer and a flagship company of the JSW Group earlier said in a statement that the transaction aimed at enhancing production of electrical steel in India.
The Sajjan Jindal-owned JSW and JFE had formed a joint venture – JSW JFE Electrical Steel Private Limited in February, 2024, to make electrical steel in India. The two companies committed to investing INR 5,500 crore to set up a manufacturing unit in Karnataka, which is expected to commence production by FY27.
Corinth Pipeworks Bags Two Offshore Contracts in the North Sea
Corinth Pipeworks has secured two significant offshore contracts in the North Sea from Subsea7. The projects, Bestla in Norway and Bittern in the United Kingdom-further solidify Corinth Pipeworks’ strong geographical presence in the region.
Dec 16, 2024
Corinth Pipeworks, a leading global supplier of steel pipes and solutions for the energy and construction sectors, has been awarded two significant offshore contracts in the North Sea from Subsea7. The projects, Bestla in Norway and Bittern in the United Kingdomfurther solidify Corinth Pipeworks’ strong geographical presence in the region and underscore its long-term, mutually beneficial relationships with key customers.
The Bestla project, operated by OKEA is located in the Norwegian Continental Shelf, approximately 13 kilometres south of the Brage Field. The scope of the
contract includes the supply of 12.5 kilometres of 14inch, High-Frequency Welded (HFW) steel pipes. The development plan for Bestla involves a two-well subsea Source: Okea, Brage Field (Bestla)
tie-back to the Brage platform, which will serve as the host facility for the production, processing, and export of gas and liquid fuels (NGL) from the Upper Jurassic Sognefjord Formation.
The Bestla project aims to create additional value through cost-effective solutions that leverage existing infrastructure. Corinth Pipeworks’ involvement in this project exemplifies its ability to support innovative approaches to maximize resource extraction while minimizing costs.
In the UK Central North Sea, the Bittern project entails the manufacture and supply of approximately 22 kilometres of HFW steel pipes for a 12” water injection pipeline, scheduled for installation in 2025. Located
approximately 190 kilometres east of Aberdeen, this pipeline will replace the existing line to maintain reservoir pressure support for the life of the Bittern field. Subsea7, the main contractor, will manage the installation of the lined pipeline, subsea structures and tie-ins at the Triton Floating Production Storage & Offloading (FPSO) vessel and the Bittern field.
A distinguishing feature of Corinth Pipeworks’ approach to these projects is the inclusion of external coating applications, which will be performed at the same location as the pipe manufacturing. Notably, Corinth Pipeworks is uniquely equipped to apply external coating to 22.9-meter-long steel pipes within its own facility, showcasing an advanced capability in the field.
Tata Steel to Build 3 Million TPA Electric Arc
Furnace in UK
Tata Steel UK will build a new 3 million TPA electric arc furnace (EAF), one of the largest in the world, to turn the UK-sourced scrap into new high-quality, low-CO2 (green) steel, removing the need to ship millions of tonnes of iron ore and coal from across the world. It will cut the site’s CO2 emissions by up to 90 percent and UK’s overall carbon emissions by about 1.5 percent.
Dec 17, 2024
Tata Steel UK, a subsidiary of Indian steel giant Tata Steel Limited, is building a new 3 million TPA electric arc furnace (EAF), one of the largest in the world, offering a lower-CO2 alternative to the traditional blast furnace method.
The EAF will turn the UK-sourced scrap into new highquality steel, removing the need to ship millions of tonnes of iron ore and coal from across the world. Tata Steel’s plans will cut the site’s CO2 emissions by up to 90 percent and UK’s overall carbon emissions by about 1.5 percent.
The company has signed a Memorandum of Understanding with UK-based JCB, for the supply of low-CO2 (green) steel from Port Talbot after completing its transformation plans. The British construction equipment manufacturer, which maintains a close focus on carbon reduction in its manufacturing and equipment, will integrate the steel into its machinery range.
This is the first supply agreement by Tata Steel UK after announcing joint investment worth USD 1.59 billion with the UK government to transition to high-quality,
Mr. Anil Jhanji, Chief Commercial Officer, Tata Steel UK, said, “The announcement of two of the UK’s largest manufacturers working together to create a lowcarbon supply chain is an important step in the UK’s transition to a circular economy.”
Mr. Wayne Asprey, Group Purchasing Director, JCB, said, “We are fully supportive of Tata Steel UK’s investment proposals and are pleased to be one of the first customers to endorse those plans by making this agreement to secure British-made green steel as soon as it is available. This agreement marks an essential next step in our journey towards supply chain decarbonisation.”
low-CO2 steel production in South Wales.
Yamazaki Mazak India Opens New Office in Ludhiana
With its new office in Ludhiana, Yamazaki Mazak India aims to touch new heights in growth and innovation, as well as get closer to its valued partners and customers.
Dec 19, 2024
Yamazaki Mazak, a leading global machine tool manufacturer from Japan, known for serving the global tubes and pipes industry for more than 100 years, has opened its new office in Ludhiana.
The information was shared by the company on a social networking platform.
As per the post on LinkedIn, “Mazak proudly announces the opening of our new office in Ludhiana – bringing us closer to our valued partners and customers. Here’s to growth and innovation!”
Incorporated in 1919, Yamaki Mazak offers its customers a complete range of CNC metal-cutting machinery and one-stop solutions for multiple mechanized functions. It is among the first few Japanese companies to start multiple manufacturing plants across the world.
In 1998, Yamazaki Mazak established its National Head Office at Pune called Yamazaki Mazak India Private Limited.
With a technology centre at Pune, along with four technical centers in Delhi, Bangalore, Chennai and Ahmedabad, the company has wide penetration pan India to support its customers, providing them with the latest and trendy technology solutions. Mazak India also has 11 Service contact points all over the country. Its technology center in Pune showcases the latest advanced solutions provided by the Japan-based company to Indian customers.
IGI Poseidon & Tenaris Join Forces to Advance Offshore
Hydrogen Transportation
Tenaris and IGI Poseidon have partnered up to advance hydrogen transportation via ultra-deep offshore pipelines aiming to tackle safely conveying hydrogen under severe conditions and ensuring economic competitiveness of the transmission costs.
Dec 13, 2024
Tenaris and IGI Poseidon have joined forces to advance hydrogen transportation via ultra-deep offshore pipelines. This collaboration aims to tackle two main challenges: safely conveying hydrogen under severe conditions and ensuring economic competitiveness of the transmission costs.
Tenaris, a global manufacturer and supplier of steel pipes and related services. IGI Poseidon is a joint venture between Greece’s DEPA International Projects and Italy’s Edison S.p.A.
The two companies are tackling this challenge to
advance infrastructure development by jointly conducting qualification testing for offshore highpressure pipelines, combining their expertise in energy infrastructures and pipe technology.
“Our target in IGI Poseidon has always been about developing and realizing infrastructures to provide diversified and competitive energy for the future,” said Fabrizio Mattana, CEO at IGI Poseidon. “This partnership is a natural extension of our vision that is evolving in order to contribute to Europe’s ambitious climate goals.”
Konstantinos Xifaras, Chairman of the Board at IGI Poseidon, added , “This collaboration is a significant step towards realizing a sustainable energy future. By combining our expertise with Tenaris advanced materials technology, we are reinforcing our commitment into hydrogen transportation and innovation.”
Philippe Darcis, Pipeline Technology Senior Director at Tenaris, highlighted, “Contributing to research on material performance in hydrogen environments is key to our strategy. We are leveraging our expertise and R&D capabilities to support the development of nextgeneration hydrogen transportation networks.”
The joint initiative, launched in 2024, involves rigorous testing of high-strength material (X70) and girth welding under high-pressure conditions, simulating the transport of pure hydrogen via the same offshore pipelines IGI Poseidon already designed for natural gas.
JSW Group Enters Non-Ferrous Metals Market with 3
Million TPA Copper Mines
in Jharkhand
The JSW Group secured two mines from Hindustan Copper, having a combined capacity of three million TPA.
Dec 27, 2024
The JSW Group has added a new metal into its business. The company secured two copper mines in Jharkhand from state-owned Hindustan Copper, marking its entry into the non-ferrous metal segment, an industry having a vast range of applications in various sectors, including electronics, telecommunications and healthcare.
Media sources said the Sajjan Jindal-led company won the bid against Aditya Birla Group’s Hindalco Industries with a competitive revenue-sharing offer.
Both mines have a combined capacity of three million tonnes per annum. While one of these blocks is virgin, the other one has remained closed for the past 20 years.
Hindustan Copper had previously sought applications for a mine developer-cum-operator (MDO) to re-open and expand the Rakha Copper Mine, as well as develop and operate an underground mine in Chapri.
The company said the mining lease for Rakha expired in 2021 and an extension was currently under progress with the Jharkhand government. The project screening committee had already approved the application for stage one forest clearance for the remaining forest area within the mining lease. The site inspection by various authorities from the State Forest department
have already been completed, it added.
Hindustan Copper is implementing expansion projects to increase its mine production capacity to 12.2 million TPA. The decision is expected to boost domestic copper production and reduce dependence on imports.
The development of an underground mine below the existing open cast mine at Malanjkhand Copper Project (MCP) will augment the company’s ore production capacity from 2.5 MTPA to 5 MTPA. The ore production from the open cast mine has now been exhausted and the underground mine is operating below the existing open cast mine leaving some barrier pillars.
Hindustan Copper is the country’s only integrated producer of refined copper and owns all the operating mining leases for copper ore. It is also the only vertically integrated copper producer in the country, involved in mining, smelting, refining, and manufacturing of the metal.
India Unveils Formula for Green Steel Classification
Based on Carbon Emission
The Indian Ministry of Steel has unveiled a formula for determining green steel, categorizing steel into 3 categories based on the amount of carbon emissions per ton of alloy produced.
Dec 14, 2024
The Indian Ministry of Steel has unveiled a formula for determining green steel, as per the media reports. Steel has been categorized into 3 categories according to the amount of carbon emissions per ton of alloy produced.
As per the reports, steel produced with CO2 emissions of less than 2.2 tons per ton of rolled steel will be defined as “green,” while steel with emissions below 1.6 tons per ton of alloy will be defined as “five-star green.” The steel produced with emissions of 2-2.22 tons per ton of rolled steel, the least environmentally friendly, will be classified as “three-star green”.
It was also announced that the threshold emission for determining the categories will be reviewed every three years by the steel ministry. India has set a target of 2070 for achieving net zero. The Indian Steel Ministry is planning to mandate green steel for government projects.India is the world’s secondlargest steel producer after China. The nation has been
working on a green steel policy in a bid to decarbonise procurement and production of the key construction material, amid a wider push towards cutting down greenhouse gas emissions.
Nippon Steel Bids USD 456 Million to Acquire Sanyo Special Steel
The company will offer USD 17.68 a share, spending a total of USD 452.874 million to acquire Sanyo Special Steel.
Jan 31, 2025
Nippon Steel Corporation has made a tender offer of USD 456 million to acquire Sanyo Special Steel Co. Ltd.
As per the statement, the company will offer USD 17.68 (2,750 yen) a share, or a 37 percent premium over Sanyo Special Steel’s closing price, spending a total of USD 452.874 million (70.45 billion yen).
Sanyo Special Steel Group manufactures bearing steel and other products that incorporate high-cleanliness steel manufacturing technology. The Group’s bearing steel has the largest market share in Japan and is used in various arenas. In 2019, the company became a
subsidiary of Ovako AB, a wholly-owned subsidiary of Nippon Steel Corporation, and now it plans to take the subsidiary directly under its wing.
ADNOC to Supply 0.6 Million TPA LNG to Germany’s EnBW
through Ruwais LNG Project
ADNOC has signed a 15-year Sales and Purchase Agreement with Germany’s Energie Baden-Württemberg (EnBW) to supply 0.6 million TPA of LNG. Deliveries are expected to start in 2028 upon commencement of commercial operations of lower-carbon Ruwais LNG project.
Dec 27, 2024
ADNOC has signed a third Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project with Germany’s Energie Baden-Württemberg AG (EnBW), one of the largest operators of energy infrastructure in Germany and across Europe.
The 15-year SPA for supplying 0.6 million TPA of LNG converts a previous Heads of Agreement between ADNOC and EnBW into a definitive agreement.
The LNG will primarily be sourced from the Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi.
Deliveries are expected to start in 2028 upon commencement of its commercial operations. To date, over 8 million TPA of the project’s 9.6 million TPA production capacity has been committed to international customers through long-term agreements.
The agreement with EnBW is ADNOC’s second SPA with a German company for Ruwais LNG, following a 15-year, 1 million TPA agreement signed in November with SEFE Marketing and Trading Singapore Private Limited, a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH.
Fatema Al Nuaimi, ADNOC Executive Vice President, Downstream Business Management, said, “This partnership underscores ADNOC’s dedication to fostering sustainable and strategic energy collaborations. By supplying lower-carbon LNG to EnBW, we are not only enhancing our partner’s energy security but also contributing to decarbonization efforts, reaffirming ADNOC’s position as a trusted partner in the evolving energy landscape.”
The agreement builds on the UAE-Germany Energy Security and Industry Accelerator (ESIA) agreement, signed by the UAE and Germany in 2022, which aims to advance cooperation in energy security, decarbon-
ization and lower-carbon fuels. The agreement also further advances the Joint Declaration of Intent for Sustainable Energy Cooperation between the Ministry of Industry and Advanced Technology of the UAE and the German state of Baden-Württemberg signed in February 2024.
Peter Heydecker, EnBW Board Member for Sustainable Generation Infrastructure, said, “We are very pleased to establish a long-term LNG contract with ADNOC. Finalizing this contract is a significant step in furthering our relationship and expanding our LNG portfolio. We will continue to work with our esteemed partner ADNOC to develop other opportunities in LNG and adjacent businesses and look forward to a mutually beneficial long-term relationship and joint business success.”
ADNOC Gas announced in November 2024 that it expects to acquire ADNOC’s 60% stake in the Ruwais LNG project at cost, estimated at around $5 billion, in the second half of 2028. Upon completion, the project, comprising two 4.8 million TPA liquefaction trains with a combined capacity of 9.6 million TPA, will more than double ADNOC Gas’ existing operated LNG production capacity to around 15 million TPA.
(L-R) Rashid-Al Mazrouei, ADNOC; Peter Heydecker, COO, EnBW
ArcelorMittal, LanzaTech Reach Significant Milestone in Conversion of Industrial Emissions into Fuel-Grade Ethanol
ArcelorMittal’s Belgium facility is converting carbon-rich industrial emissions into fuelgrade ethanol using leading carbon recycling technology developed by LanzaTech.
Jan 3, 2025
ArcelorMittal S.A. and LanzaTech Global, Inc. have reached a significant milestone in their decarbonization journey. ArcelorMittal’s Steelanol facility at Ghent, Belgium, which is converting carbonrich industrial emissions from its blast furnace into fuel-grade ethanol using leading carbon recycling technology developed by LanzaTech, has achieved a production milestone whereby ethanol volumes reached a level which supports shipping by barge.
Ethanol production commenced in 2023, and the facility is a first-of-its-kind for the European steel industry. The produced ethanol can be sold directly into fuel markets, or further purified or converted for use in a wide array of consumer products such as apparel, personal care, and packaging.
LanzaTech took title to the first barge shipment earlier this month, and the ethanol is en route to be purified and sold to LanzaTech’s CarbonSmartä customers in fragrance and home care markets. This achievement progresses LanzaTech and ArcelorMittal’s joint strategy to develop a thriving European supply chain for sustainable ethanol produced in the region.
“This production milestone represents an important step toward treating industrial emissions as raw materials—rather than waste—to profitably support European supply chains in the creation of everyday
products. ArcelorMittal has long been a leader in decarbonizing the steel industry, and we look forward to building upon this achievement and expanding our operations together as we continue to advance a circular economy,” said Dr. Jennifer Holmgren, Chair and CEO of LanzaTech.
“We are excited to have reached another significant milestone in our decarbonisation journey: the first shipment of ethanol by barge. This achievement marks the next crucial step after the successful first industrial and commercial production of ethanol, made possible by the dedication of our team and our strong partnership with LanzaTech,” said Manfred Van Vlierberghe, CEO of ArcelorMittal Belgium.
ArcelorMittal’s Steelanol plant has the capacity to produce 80 million litres annually of advanced ethanol, around half of the total current demand in Belgium. It expects to reduce carbon emissions from the Gent plant by 125,000 tonnes annually, thereby advancing the EU’s 2030 Climate Target Plan to reduce greenhouse gas emissions by 55 percent by the end of the decade.
ADNOC, bp Close Deal to Launch New Natural Gas Platform-Arcius Energy
Arcius Energy is a dynamic new platform for international growth, which will initially focus on development of natural gas assets in Egypt to meet the growing regional demand, while supporting the country’s energy security and economic development.
Dec 27, 2024
bp and XRG, ADNOC’s international energy investment company, have completed the formation of their new joint venture and international natural gas platform –
Arcius Energy, which will initially focus on development of gas assets in Egypt.
Arcius Energy is a dynamic new platform for international growth in natural gas in the region, which
is 51 percent owned by bp, while XRG holds 49 percent stake in the joint venture.
Announced in February 2024, the project complements the companies’ strategic growth plans and aims to grow a highly competitive gas portfolio by combining their deep technical capabilities & proven development track records.
“Arcius Energy brings together the strengths of our two companies to create a dynamic new platform for international growth in natural gas in the region,” said Murray Auchincloss, chief executive of bp.
H.E. Dr. Sultan Ahmed Al Jaber, Executive Chairman of XRG said, “The formation of Arcius Energy marks an exciting new chapter in our long-standing partnership with bp, and fully aligns with XRG’s objectives to accelerate the transformation of energy systems and build a world-scale integrated gas and chemicals portfolio to meet rising global demand. This
progressive partnership will unlock a lower-carbon transition fuel to build a future where smarter, cleaner and more affordable energy is accessible for Egypt and the world.”
Murray Auchincloss, chief executive of bp, added, “ADNOC, and now XRG, is a trusted partner, who we have worked with successfully for over five decades. Together, we can continue to build on bp’s 60 years of technical expertise and delivery of safe and efficient operations in Egypt – a hub for new opportunities to build out a highly competitive gas portfolio in the region.”
bp Joins Forces with JERA to Create Global 13GW Offshore Wind Developer
The combination will create a global business, to be called JERA Nex bp, with a balanced mix of operating assets and development projects with total 13GW potential net generating capacity. The partners have agreed to provide capital funding for investments committed before the end of 2030, of up to USD 5.8 billion.
Dec 27, 2024
bp and JERA Company Inc have agreed to combine their offshore wind businesses to form a new standalone, equally-owned joint venture that will become one of the largest global offshore wind developers, owners and operators.
The combination will create a global business, to be called JERA Nex bp, with a balanced mix of operating assets and development projects with total 13GW potential net generating capacity. The partners have agreed to provide capital funding for investments committed before the end of 2030, of up to USD 5.8 billion.
JERA Nex bp will be based in London. Its CEO will be nominated by JERA and the CFO by bp. The parties have agreed to work to complete formation of JERA Nex bp, subject to regulatory and other approvals, with completion expected by end of the third quarter of 2025.
The companies will contribute interests comprising operating assets with around 1GW net generating capacity, a strong pipeline of high-quality development projects with around 7.5GW capacity, and further secured leases with around 4.5GW of potential capacity.
JERA Nex bp will pursue value-driven development of competitive projects, as well as optimising its extensive combined portfolio. Initially it is expected to focus on progressing existing projects in North-West Europe, Australia and Japan, and to continue to mature the development pipeline of significant longer-term opportunities.
