Maharashtra Seamless : Down 20% from top

https://youtu.be/Hd3AnN7WqXw?si=GgzoPGGEmu0QSzQZ 

  • Maharashtra Seamless : Down 20% from top
  • India’s oil demand is projected to rise 50% to 7.2 mn barrels per day in 2030 from 4.8 mn barrels per day in 2019 as against a global expansion of 7%. 
  • India’s natural gas demand is projected to double to 133 BCM in 2030 from 64 BCMin 2019 as against a 12% rise in global gas demand. 
  • India plans to almost double its oil refining capacity to 450 MT in the next 10 years to meet rising domestic fuel demand as well as cater to export market.
  • Large tenders for ERW pipes have been floated by BPCL, GAIL, Indraprastha Gas and Assam Gas for oil and gas applications. 
  • More tenders are expected for Gurdaspur to Srinagar pipeline, Tinsukia to Doom Dooma pipeline and City Gas Distribution projects in 10th & 11th rounds in majority of states. 
  • Significant contract from IOCL has been received recently indicating buoyancy of market and sustained expenditure by OMCs and refineries.
  • Market share of 55% in seamless pipes segment with manufacturing facilities at Nagothane & Mangaon in Maharashtra and Narketpally in Telangana. 
  • Market share of 18% in the API certified, high frequency ERW pipes segment with manufacturing facility at Nagothane in Maharashtra. 

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