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Jindal Saw enters into contract worth Rs10,000 crore with JSW Steel

17 Apr 2015 Evaluate

Jindal Saw, a part of the $18-billion OP Jindal Group, has approved a proposal for entering into a contract worth up to Rs 10,000 crore with group firm JSW Steel, from which it purchases raw material. The proposal for related party transaction was cleared by its shareholders through a special resolution last month.

The approval is for Jindal Saw to enter into a contract(s)/arrangement(s)/transaction(s) with JSW Steel, a related party up to a maximum amount of Rs 10,000 crore from financial year 2014-15 onwards.

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.

Jindal Saw Share Price

237.40 0.55 (0.23%)
20-Apr-2026 14:43 View Price Chart
Peers
Company Name CMP
Tata Steel 212.15
JSW Steel 1275.00
SAIL 173.00
Jindal Stainless 790.40
APL Apollo Tubes 2148.55
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