Jindal Saw: India to Double Gas Pipeline Network, Spurring Steel Pipe Demand

Jindal Saw: India to Double Gas Pipeline Network, Spurring Steel Pipe Demand

  • JINDALSAW: Pipe Market
  • The Global Steel Pipe Market is projected to grow from USD 146.87 billion in 2022 to USD 325.64 billion in 2027 at a CAGR of 8.24% from 2022 to 2027. 
  • India has approved a PLI scheme for specialty steel with outlay of Rs. 6,322 Crore that is expected to spur further investments in this space
  • India is seeking to double its gas pipeline in the coming years with GoI envisaging spends of $67 bn over the next 5-6 years. 
  • This will take the share of natural gas to 15% to the overall energy structure of India from the present 6%. 
  • Plans are underway to augment the gas pipeline network by ~15,500 km. 
  • Eventually every State and province shall get connected to the national trunk pipeline.   
  • India’s PNGRB is also studying the transmission of hydrogen utilizing existing gas networks to support the fledgling green hydrogen backed projects in steel and other sectors that are working towards decarbonization. 
  • India is also pursuing transnational oil and gas corridors to CIS countries, Iran and Russia. 
  • India also has plans to connect Myanmar and Bangladesh via a gas pipeline.
  • All of these initiatives will support higher consumption of steel pipes. India’s Namami Gange Missions I & II combined have an outlay of Rs. 42,500 Crore aimed at the clean-up of river Ganga. 
  • The GoI has initiated rejuvenation programs for perennial rivers in the south including the Cauvery, Krishna, Godavari and Mahanadi. 
  • Of this, approval has been granted for the Rs. 11,250 Crore Nadanthai Vaazhi Cauvery project, that will address setting up of STPs and ecological conversation of the river and its tributaries.  
  • India’s Har Ghar Jal mission is likely to get strengthened further with river interlinking, with plans to link 20 rivers initially. 
  • The mission has already provided ~15 Crore water connections across India, thereby ensuring ~78% household coverage. 
  • As on date, 11 States and Union Territories have achieved 100% coverage with the remainder at various stages of completion. 
  • The project has back-to-back linkages to sources of water including canals and rivers.  
  • In order to continue the trend, set by the maiden AMRUT scheme which saw construction of ~18,000 km sewerage network across the country along with 214 STPs, a successor scheme has been launched. 
  • The AMRUT 2.0 scheme with an outlay of Rs. 62,936 Crore is targeting implementation of 29,105 km of sewerage network, by the year 2025-26. 
  • Additionally, India’s thrust on infrastructure creation under Central Govt. initiatives will continue to drive consumption of construction steel and steel pipes across the country  


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.

 Thank you for contacting Rounaq! Please let us know how we can help you. 

Whatsapp: 7838491131

SEBI registered RA : Rounaq Bakshi
Waheguru

Comments

Post a Comment

Popular posts from this blog

Transcript of NMDC Limited post Q4 & FY 2024-25 Results

Image
Transcript of NMDC Limited post Q4 & FY 2024-25 Results Growth in PAT on an annual or a year-on-year 12-month basis of around 19% and PBT after exceptional item of around 16% Gold operations in Legacy, the first year was have also stabilized Legacy in the last 2 months, 3 months.  And hopefully, in this financial year, Legacy would also be showing good profits IMPORTS India which imports around 55 million, 60 million tons is likely to go up to 150 million to 160 million tons of import for India in terms of coking coal.  Have entered into arrangement with SAIL 60% of total sales as of date is routed through SAIL because send it to their stocking yard.  So based on the user charge, they also market mmdc products 40% still Nmdc market directly in terms of HR coils 2025 year will be much more substantially action packed in terms of NMDC Open new mines within India, coal and iron ore Outside India, we hope to acquire a few mines.  This will be a year where it will be ...
Read more

Looking to park some excess funds for the short term.?

Image
Looking to park some excess funds for the short term.  LiquidBeES by Nippon - has been the default choice for years. But lately, it’s become muscle memory to run everything past ChatGPT.  Just a quick: “Is there a better option than LiquidBeES?” It turns out, there is.  LIQUIDCASE by Zerodha AMC.  Difference was not subtle and decision was easier : - Expense ratio: Less than half of LiquidBeES - Net returns: ~6.2% vs ~5.7% (1-year annualized) - Same safety, same liquidity - AUM already >1/3rd of LiquidBeES in record time This is how discovery is changing. And this is how smart products go viral. Zerodha didn’t try to educate the market.  Discovery is no longer driven by ads or advisors.  It’s driven by habit, trust, and tools like ChatGPT. And when you get it right, traction follows fast. I won’t be surprised if LIQUIDCASE overtakes LiquidBeES in under 18 months. Thank you for contacting Rounaq! Please let us know how we can help you.  About me :...
Read more

𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚?

Image
  𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚? Whether you're living in the US, UAE, UK, or Singapore; India continues to be a hotspot for wealth creation. But why do so many NRIs still invest here? Here’s why 👇 ✅ Higher Returns – Indian equity markets, mutual funds, and even fixed deposits offer attractive long-term returns. ✅ Tax-Free Income – Interest from NRE and FCNR deposits is tax-free in India. Plus, DTAA helps avoid double taxation. ✅ Currency Edge – You invest in INR, and with the right timing, your gains in foreign currency terms could be even higher. ✅ Diversification – Indian assets like gold, real estate, and stocks add balance to a global portfolio. ✅ Future Ready – Planning to return to India someday? Build your base early with property or retirement-focused investments. ✅ Emotional Roots – Beyond numbers, India is still home. 💡 Whether it’s for wealth creation, retirement planning, or building assets back home, India offers a solid mix of growth + stability...
Read more