Jindal SAW bags US$240M worth of orders

Jindal SAW Ltd has received variousorders/letter of intents aggregating to morethan Rs1100 crores (US$240 million) forsupply of large diameter welded pipes (US$175 million) and ductile iron pipes(US$65 million). Majority of SAW pipe orders are forexports to Middle East market that carrygood margins. The orders are in line withJindal SAW抯 strategy of focusing onorders that meets its internal benchmarkingfor margins. These orders shall be executed in next9- 12 months time. With these orders, thetotal order book of Jindal SAW Ltd standsat about Rs3500 Crores (US$750 million).New Balance Popular Collection