Steel ministry could have brought ONGC's offshore drilling rigs to a halt-II: All complaints are entertained
Pipes of all kinds are a crucial input in the oil & gas industry. 8The steel ministry order requiring a value addition clause, over and above an anti-dumping duty, has left the oil & gas industry hostage to the indigenous lobby of a selected bunch of pipe manufacturers. 8Prices of pipes have already gone up as foreign companies are excluded from the tendering process. 8What is more, the steel ministry can now halt the tendering process on the basic of a complaint from any of the manufacturers Click on Details to know more on how the system is faulty.