E&P tools market: Who says Atmanirbhar will not work in this segment? – 23 Aug 2022

Meet India’s largest private sector player engaged in the manufacturing of high-tech machines and tools being used in the oil, gas, drilling and allied industries.

And it seems to be managed quite competently. And making money

Clearly there is space for more players, proving those that believe atmanirbhar will not work wrong.

Here is a data on the Indian market: casing pipes and connectors: Size is Rs 1000 crore, winches Rs 2000 crore, gas lift valves: Rs 1000 crore, stabilizers: Rs 1000 crore

And then if you good, there is a global market to tap: Global oil drilling tools market is expected to grow at a CAGR of 4.75% to touch US$ 8.61 billion in 2022.