Jindal Saw announces the receipt of various orders/Letter of Intent aggregating to more than Rs 1100 crore (approximately $ 240 million) for supply of Large Diameter Welded Pipes (approximately $ 175 million) and Ductile Iron Pipes (approximately $ 65 million). Majority of SAW pipe orders are of exports to middle-eastern market and carry good margin. This is in line with Jindal SAW’s strategy of focusing on orders which meets its internal benchmarking for margins. These orders shall be executed in the next 9-12 months time.
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