Jindal Saw, part of $12-billion Jindal Group, has received orders worth Rs 1,100 crore for supply of large diameter welded pipes and ductile iron pipes. These orders have been received in last few weeks.
A majority of Saw pipe orders are of exports to middle- eastern market and carry good margins. The orders are is in line with Jindal SAW's strategy of focusing on orders which meets its internal benchmarking for margins.
Thee orders will be executed in 9- 12 months. With these new projects, the total order book of Jindal Saw stands at about Rs 3,500 crore. Jindal Saw pipes are used for transportation of oil and gas.
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