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Demand for Steel for Gas Pipes to Pick up in H2 of 2020-21

Steel News - Published on Mon, 25 May 2020

Image Source: Steel Pipes
Business Standard reported that GAIL India is processing line pipe tenders of more than INR 1,000 crore for around 100,000 tonne steel procurement by September 2020. This would translate to progressive supply of 800 kilometre of line pipe from domestic bidders. This quantity is expected to be doubled by the end of current financial year to move towards a self-reliant India. Indradhanush Gas Grid is processing line pipe tenders of more than INR 950 crore for around 73,000 tonnes steel procurement by July, 2020 for progressive supply of 550 Km line pipe from domestic bidders. This quantity is expected to be doubled by the end of current financial year. Indian Oil has approximate 165,000 tonne of steel pipes require,ment for implementing a 1,450-km-long natural gas pipeline project in southern India

Union minister for petroleum and steel Dharmendra Pradhan took a review meeting of INR 8,000 crore worth of projects last week

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Posted By : Yogender Pancholi on Mon, 25 May 2020
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