Month: January 2008

Jindal Saw has received various orders aggregating to approximately US$ 250 million for supply of spiral pipes / longitudinal submerged arc welded (LSAW) pipes and seamless pipes.

The company has, inter received the prestigious order of (a) app. US$ 80 million from Saudi Aramco, Saudi Arabia for supply of spiral pipes which shall be supplied in 2008 (b) order of app. US $ 40 million from Iraq for supply of seamless pipes and order of more than US $ 95 million from Abu Dhabi Government-owned International Petroleum Investment Co (IPIC).

Abu Dhabi has awarded an order of aggregate value of US$ 460 million for pipe supply to the company, besides Japan’s Sumitomo and Germany’s Salzgitter for the balance portion. The company is the only Indian company which has been considered for and awarded this order. With these orders, the company’s present order book exceeds US$ 850 million. These orders are scheduled to be completed by January 2009

Nelcast has received letter of indent worth Rs 40 crore from European manufacturer for supply of components for heavy commercial vehicles. This order is on long term basis and the vompany needs to supply for next four years.

Meanwhile, the company has completed its phase I expansion plan at its new unit at Gudur. This expansion will result in increase of installed capacity from 1,02,000 tonnes to 1,26,000 tonnes per annum. This expansion will help the Company to cater to the growing demand from its existing customers including Ashok Leyland, Tata Motors, Tata Cummins, and Tafe in the field of Automotive and Tractor segments.