Pipes News Today

Current prices for 100mm K7 DI pipes range from Rs 1,340 to Rs 1,380, while ERW pipes are priced at Rs 58,000/mt (ex-Raipur). The industry faces sluggish demand due to delayed payments and inventory buildup, but fund releases in key states may drive demand and price recovery by early 2025.

NHPC Invites for Drilling of 01 No Bore Well Installation of Casing Pipe And Submersible Pumps at Teesta V Power Station, Estimated Cost INR 19.49 Lacs, EMD INR 39.00 Thousand, Last Date 02-01-2025.

Haryana CM thanked voters for rejecting Congress, pledges equal development. Announces Rs 10 cr water pipeline, veterinary hospitals, PHC upgrades, hospital renovations, bridge constructions, and funds for school repairs and roads.

Crude oil prices rose as the U.S. avoided a government shutdown, boosting demand sentiment. A lower-than-expected inflation gauge fueled hopes of future rate cuts, while fears of a U.S.-EU trade war lingered. The resumption of Druzhba pipeline shipments eased European supply concerns.

EVs show superior well-to-wheel efficiency compared to petrol cars, halving total carbon footprint. EVs emit less in materials, manufacturing, fuel supply, and tailpipe phases.

AG&P Pratham, backed by I-Squared Capital, will invest up to Rs 80 billion to expand its city gas network in India over the next three years, aiming to increase CNG stations to 800 and expand LNG stations.

IOC is expanding its Barauni refinery to 9 million tonnes per annum from current 6 million tonnes together with a petrochemical plant at a cost of about Rs 16,000 crore and invest another Rs 5,600 crore in setting up network to retail CNG to automobiles and piped cooking gas to households and industries in 27 cities of Bihar

The polymer market remains subdued with minimal price changes and declining demand for LDPE and LLDPE grades, particularly in electrical pipe applications. Crude oil price gains and propylene price increases in Asia signal potential market shifts.

The pipe market faces significant challenges with low demand and high inventory levels. Prices for DI and MS pipes have hit record lows, and primary manufacturers are struggling with unsold stock. In contrast, strategic opportunities exist for major buyers like government PSUs. Contractors are advised by experts to secure stock amid project delays.

India-US energy pact will deliver LNG to Indian cities outside the pipeline network. The agreement aims to increase India's gas share from 6.2% to 15% in 10 years, reducing dependence on Middle East oil.