Jindal Saw bags orders for US $ 250 million

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