Steel pipes maker Jindal SAW has entered into an agreement with US-based Hunting Energy Services to form a joint venture (JV) company in India to set up a precision machine shop.
Jindal SAW would hold 51 per cent stake in the JV, while Hunting Energy will own the remaining 49 per cent.
In a regulatory filing, Jindal SAW said “it has entered into a JV with Hunting Energy Services Pte Ltd Singapore (Hunting), on December 22, 2021.”
