MoneyWorks4Me

Jindal Saw bags order worth Rs 1,000 crore

24 Nov 2011 Evaluate

Jindal Saw has secured order worth about Rs 1,000 crore for supply of large diameter pipes (L saw pipes) and ductile iron pipes for various export markets. These orders are scheduled to be executed gradually in next 12 months.

The receipt of these orders reflect the company’s focus in export markets, which at present offers better margins then domestic market.

Jindal Saw is a part of $12 billion OP Jindal Group, the fourth largest industrial house in India. The group also has the distinction of having global footprints.

Peers
Company Name CMP
JSW Steel 1268.00
Tata Steel 184.75
Steel Authority 180.00
Jindal Stainless 750.90
APL Apollo Tubes 2270.65
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