Jindal Saw bags Rs1100 crore plus orders
Jindal Saw Ltd has announced the receipt of various Orders/ Letter of Intents aggregating to more than Rs1100 crore (App. US$ 240 million) for supply of Large Diameter Welded Pipes (app. US$ 175 million) and Ductile Iron Pipes (app. US$ 65 million).
These orders have been received in last few weeks. Majority of Saw pipe orders are of exports to middle- eastern (ME) market and carry good margins. This is in line with Jindal Saw’s strategy of focusing on orders which meets its internal benchmarking for margins.
These orders shall be executed in next 9-12 months time. With these orders, the total order book of Jindal Saw Ltd stands at approximately Rs3500 crore (Approximately US$ 750 million).