Jindal Saw receives Rs 1,000 cr order

BSE 23 May 12 | 12:00 AM

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Code: 500378

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NSE 23 May 12 | 12:00 AM

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Code: JINDALSAW

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Jindal Saw receives Rs 1,000 cr order

Press Trust of India / New Delhi 24 Nov 11 | 01:56 PM

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Jindal Saw has bagged orders worth $190 million (around Rs 1,000 crore) to supply large diametre pipes and ductile iron pipes for various export markets.

In a communique to the BSE, the company today said these orders would be executed in the next 12 months.

"The receipt of these orders reflects the company's focus on export markets, which at present offers better margins than the domestic market," Jindal Saw said.

The scrip of the company was trading at Rs 115 apiece around noon, 1.41% higher than the previous day's closing.

As on September-end, Jindal Saw had $665 million order book. This includes 67% from outside India.