Jindal SAW today reported over three-fold decline in its net profit at Rs 36.54 crore for the quarter ended December 31, 2011, largely due to flat sales and foreign exchange loss.
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.
Jindal Saw today posted a decline of over 47% in net profit at Rs 53.73 crore in the second quarter of the current fiscal due to depreciation in rupee against dollar and costlier raw material.
OP Jindal Group firm Jindal Saw (JSL) today reported a 44% dip in the net profit at Rs 82.8 crore for the first quarter ended June 30, 2011, over the corresponding period last fiscal.
Pipe maker Jindal Saw today said it would invest $600 million (about Rs 2,650 crore) over the next two years to expand its capacity and buy stakes in firms based in the Middle East, the US and the European Union.
Jindal Saw is trading lower by 4% at Rs 172, extending its Friday’s 3% fall, after reporting a 56% drop in net profit at Rs 80 crore for the quarter ended March 2011 against Rs 180 crore in corresponding quarter of the previous fiscal.
Total income also dipped by around 7% to Rs 1,218 crore during the quarter from over Rs 1,139 crore for the January-March quarter of 2009-10, the company said in a filing to the Bombay Stock Exchange.
Steel pipemaker Jindal Saw Ltd is in talks to acquire a logistic firm that operates container trains and owns terminals for about Rs 100-150 crore and expects to close the deal in three months, its Managing Director, Indresh Batra said on Tuesday.
Steel pipemaker Jindal Saw posted a 26.5 per cent dip in net profit for October-December on weak sales, and said it plans to raise long-term funds for capital expenditure.
Jindal Group-owned Jindal Saw Ltd, a leading producer of Saw pipes, filed with the Bombay Stock Exchange (BSE) a release that stated the company had bagged orders worth Rs 700 crore.
Shares of Jindal Saw gained nearly 7% in the morning trades in an otherwise weak market owing to the execution of a mining lease agreement with Rajasthan government for iron ore mines for the next 30 years.
Jindal Saw, an OP Jindal group company, today said it has bagged orders worth over Rs 600 crore from domestic and overseas markets for supply of pipes, used for transportation of oil and gas.
Steel pipemaker Jindal Saw Ltd will see increased competition and slower orderflow compressing its margin for the rest of this fiscal, a top official said on Monday.
Net profit of Jindal Saw rose 86.23 per cent in the quarter ended March 31, 2010. It stood at Rs 178 crore this quarter as against Rs 95.58 crore in the corresponding period a year before.
Pipe manufacturer Jindal Saw today said its net profit rose by 49.73 per cent to Rs 170.10 crore for the quarter ended December 31, 2009, over the same period in the previous fiscal.
Jindal Rail Infrastructure Ltd, a 100 per cent subsidiary of Jindal ITF, the infrastructure arm of Jindal SAW Ltd, is likely to finalise a technical tie-up with a Japanese company for manufacturing of electric multiple unit (EMU) coaches at its upcoming
