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Hunting Energy Services and Jindal SAW announced a joint venture to build a premium OCTG threading facility in Nashik, India, with an initial investment of $20-25 million and annual capacity of 50,000 metric tonnes. The facility is expected to be operational by end of 2022.
Jindal SAW has entered into a joint venture with Hunting Energy Services to set up a precision machine shop in India for threading premium connections for oil country tubular goods. Jindal SAW will hold 51% and Hunting Energy 49%.