eBusiness Plans

MRC Global filed plans for an initial public offering of up to $100 million in common stock, the latest effort by the oil-and-gas industry supplier to return to the public market. MRC supplies pipes, valves and fittings to the oil-and-gas sector, a business that has delivered robust revenue over the past year as strong crude prices spur producers to invest in new wells.  

The $3.5-billion mining equipment major Joy Global Inc of the US is planning to set up its Indian manufacturing base in West Bengal. The company currently has such facilities in the US and China.  

Pipe and valve distributor MRC Global Inc. plans to sell up to $100 million of its shares in an initial public offering.