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Jindal Saw’s arm to operate, maintain certain identified facilities of PSL

09 Mar 2015 Evaluate

Jindal Saw’s wholly owned subsidiary - Jindal Tubular (India), has agreed to operate and maintain certain identified facilities of PSL. This is a short term arrangement for one year which may be extended or modified, based on meeting of certain covenants and mutual acceptance at the appropriate time.

Jindal Saw is in a commanding position in India's tubular market being the undisputed leader. The business operations are highly structured with three strategic business units: large diameter pipes, seamless tubes, and DI (ductile iron) pipes.

Peers
Company Name CMP
JSW Steel 1169.00
Tata Steel 173.60
Steel Authority 171.50
Jindal Stainless 707.60
APL Apollo Tubes 2105.10
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