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.
