Jindal Saw has entered into a Memorandum of Understanding (MoU) with SULA Shipping and Logistics in relation to restructuring of trans-shipment business of Jindal ITF, a wholly owned subsidiary. The definitive agreement(s) will be entered between the parties in due course.
Jindal Saw is in a commanding position in India's tubular market, being the undisputed leader with a turnover in excess of Rs 7,000 crore. The business operations are highly structured with three strategic business units: large diameter pipes, seamless tubes, and DI (ductile iron) pipes. Every SBU has its own dedicated sales and marketing targets and operations.
