Jindal Saw bags Rs 1,000 cr orders for supplying iron pipes

[B. Karthick]

Pipe manufacturer Jindal Saw today said it has secured orders worth Rs
1,000 crore for supplying pipes in both domestic as well as
international markets.

In a filing to the Bombay Stock Exchange, JSL said it has received
orders or Letter of Intent (LoI) aggregating to more than Rs 1,000
crore for supply of large diameter iron pipes for domestic and export
markets.

While the domestic orders were mainly bagged from GAIL and HPCL, the
export orders were primarily from the west Asian markets. The orders
are to be executed by March 2010.

At present, JSL's total order book stands at Rs 3,600 crore, it said.

Shares of JSL were trading at Rs 383.40, up 4.84 per cent in the late
afternoon trade on the BSE.