Slowdown in Pipe Demand Due to Jal Jeevan Mission Fund Delays
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The pipes market is currently facing a slowdown due to delays in releasing funds for the Jal Jeevan Mission, which has caused contractors to pause supplies to project sites. Despite this, prices for pipes like 100mm K7 DI and ERW remain stable. Meanwhile, Tata Steel's warehouse in Jamshedpur has achieved a Net Zero Energy certification.
Key Insights
- Stable Pipe Prices: 100mm K7 DI pipes priced at Rs. 1340-1380 and ERW at Rs. 58,000/mt (ex-Raipur).
- Jal Jeevan Mission Delays: Contractors are pausing pipe supplies due to delayed fund release, impacting project timelines.
- Tata Steel Achievement: The Jamshedpur warehouse receives IGBC Net Zero Energy certification for energy efficiency.
- Market Uncertainty: Maharashtra's DI and MS pipe market is slow as contractors await government decisions and fund release.
Pipes Price
100mm K7 DI Pipes: Rs 1340 and Rs 1380
MS ERW: Rs 58000/mt (ex Raipur)
The current price of HDPE (High-Density Polyethylene) Polymer Grains cost : Rs 93/kg Conversion cost : Rs 10/kg
Pipes Demand & Supply
- The delay in releasing funds for the Jal Jeevan Mission has led to a slowdown in the market. Contractors across multiple states have paused pipe supplies to project sites due to this issue. Despite these challenges, the market remains steady without significant changes in pricing or demand. The upcoming week will be pivotal in determining market trends, as any shifts in demand could affect prices and supply adjustments in the near future.
Pipes News
- Tata Steel’s Central Warehouse Jamshedpur has been awarded the Indian Green Building Council (IGBC) Net Zero Energy Rating and Certification. The certification recognizes the warehouse’s energy efficiency and commitment to sustainable practices.
- Tube Investments plans to acquire majority stake in KCAL India for INR 62 Crore. The acquisition of Kcaltech System India Private Limited (KCAL India), a subsidiary of South Korea’s KC Altech Company Limited, will enhance the presence of TII, a Murugappa Group firm, in the HVAC market.
Expert Opinion
- The DI and MS market in Maharashtra is slow right now. Contractors are waiting for ministers’ portfolios to be finalized and funds to be released by the government, which is causing delays in finalizing orders. This delay has created a ripple effect, stalling progress across the sector. Contractors are advised to finalize their orders considering price is all-time low.
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