A clear example of multiplier effect of energy industry investments is here.
Owing to the huge increases expected in natural gas supplies, Indian pipeline makers are expecting a surge in orders as the start of gas output from the country’s biggest field is energizing plans for a multi-billion dollar cross-country natural gas grid.
As a result of this expansion, the country may order nearly 5,000 kilometers of new gas pipelines by the end of 2010. This will indeed be sweet news to large Indian pipe makers like PSL Ltd., Jindal SAW, Welspun Gujarat Stahl Rohren, Man Industries and Maharashtra Seamless, who are facing a slowdown of orders from overseas markets.
