Jindal Saw: potential

 

  • Jindal Saw: potential
  • Focus on value-addition
  • Global Steel Pipe Market Set for Significant Growth 
  • The global steel pipe market is projected to grow from USD 146.87 billion in 2022 to USD 325.64 billion by 2027, achieving a CAGR of 8.24%. India to Double Gas Pipeline Network, Spurring Steel Pipe Demand India plans to invest $67 billion over the next 5-6 years to double its gas pipeline network, increasing natural gas’s share in the energy mix from 6% to 15%. 
  • PNGRB Explores Hydrogen Transmission via Existing Gas Networks The Petroleum and Natural Gas Regulatory Board (PNGRB) is studying hydrogen transmission using current gas networks to support green hydrogen projects aimed at decarbonization. 
  • Namami Gange Mission Drives Demand for Steel Pipes India’s Namami Gange Missions I & II, with a combined outlay of Rs. 42,500 crore, focus on river rejuvenation, including projects on the Cauvery, Krishna, Godavari, and Mahanadi rivers. 
  • Har Ghar Jal Mission Strengthened by River Interlinking The Har Ghar Jal mission has provided 15 crore water connections, ensuring 78% household coverage, and plans to link 20 rivers to enhance water accessibility. 
  • AMRUT 2.0 to Expand Sewerage Network Across India The AMRUT 2.0 scheme, with an outlay of Rs. 62,936 crore, aims to implement 29,105 km of sewerage networks by 2025-26, building on the achievements of AMRUT 1.0. 
  • Infrastructure Push Continues to Drive Steel Pipe Consumption India’s continued focus on infrastructure creation through central government initiatives is set to boost demand for construction steel and steel pipes.

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