Jindal Saw Ltd

BSE: 500378 | NSE: JINDALSAW | ISIN: INE324A01024

MarketCap: [Rs.Cr.] 2,344 | Face Value: [Rs.] 2
Industry: Steel - Large
Address
Jindal Centre , 12 Bhikaji Cama Place ,
New Delhi
New Delhi 110066
Tel : 91-011-26188360/74/26188345
Fax : 91-011-26170691

Jindal SAW Limited (JSL) (erstwhile SAW Pipes Ltd) is a
part of the Jindal Group and one of the country's largest
producers of Submerged Arc Welded (SAW) pipes, which
is widely used in the energy sector for the
transportation of oil and gas. The Company was
incorporated in 31st October of the year 1984 at
Mathura (U.P.) and obtained the Certificate of
Commencement of Business in 28th November of the
same year. JSL has diversified from a single product
company to a multi-product company, manufacturing
large diameter submerged arc pipes and spiral pipes
and bends for the energy transportation sector; carbon,
alloy and stainless steel seamless pipes and tubes
manufactured by conical piercing process used for
industrial applications; and Ductile iron (DI) pipes for
water and sewage transportation. At JSL, the business
operations are highly structured with four strategic
business units: Large Diameter Pipes, Seamless Tubes,
DI (Ductile Iron) Pipes and the US Operations. The state-
of-the-art manufacturing facilities of the company are
located at three places in India such as Kosi Kalan in UP,
Nashik in Maharashtra and Mundra in Gujarat. JSL is
reassured through the ISO 9001, ISO 14001 and ISO
18001 certifications. The technical collaboration
agreement was made with USS Engineers and
Consultants Inc (UEC), U.S.A., a subsidiary of United
States Steel Corporation in the incorporated year itself
for transfer of know how & technical assistance. During
the year 1986, the Country's first Longitudinal SAW
Pipes (U-O-E) Mill for Line Pipes commissioned at Kosi
Kalan with API and ISO accreditation. Bevelling Unit
Commissioned at Kosi Kalan in the year 1992 and also
SAW Pipes, USA incorporated and commissioned. After a
year, in 1993, the first major supply of NACE Pipes was
executed for offshore line. Seamless Pipes and Tubes
Division of the company were commissioned at Nashik
in the year 1994 and in the same year the 3LPE/FBE
Coating Plant also commissioned at Kosi Kalan. First
Export order of the company was executed for Line
Pipes in the year 1995 and in the identical year the
necessary approval of High Court of Delhi was received
to amalgamate Swastik Foils Ltd with the company.
During the year 1996, JSL commissioned its CTE Mobile
Coating Plant at Kosi Kalan. After a year, in 1997, the Hot
Induction Bends Unit of the company was established at
Kosi Kalan and also start up of 4 meter wide Plate Mill at
Baytown, USA and also had sets up a joint venture
company to market its products in the US. During the
year 1999, Port-based 100% Export Oriented LSAW &
HSAW Line Pipe Plants of the company was
commissioned at Mundra with API and ISO accreditation
and also in the same year an Internal Coating Plant
commissioned at Kosi Kalan. The 3 LPE/FBE Coating
Plant commissioned at Mundra in the year 2000 and
another one Internal Coating Plant of the company was
commissioned at Mundra. In 2002, JSL re-commissioned
its concrete Weight Coating Plant at Mundra and the
Bevelling Unit was commissioned at Mundra. An
additional Plant for 3LPE/FBE was commissioned in the
year 2003 at Mundra. In the year 2004, the third LSAW
manufacturing facility was specially made at
Samaghogha near Port Mundra with accreditation from
API and ISO. Also in the same year 2004, JSL entered into
a Joint Venture Agreement with Imphy Ugine Precision,
France, one of the divisions of Arcelor Group for
manufacturing of High Precision Metal Equipments to be
used in Electronic Industries and other applications and
had set up the JV company under the name of IUP Jindal
Hexa Metals Ltd. The Company has transferred its
Swastik Foils Division into the joint venture company
and it is holding 73% in the joint venture company.
During the year 2005, the company had start up an
Integrated Pipe Unit Ductile Iron Pipe manufacturing
plant of 200,000 MT per annum capacity along with
Blast Furnace of 250,000 MT per annum capacity and a
Coke Oven Plant. In the year 2004-05, the company had
created four separate strategic business units (SBU) to
improve and maximize the operational efficiency. The
name of the company was changed from Saw Pipes
Limited to Jindal Saw Ltd (JSL) with effect from 11th
January of the year 2005. During the year 2005-06, the
new capacitors were installed on each welding station to
improve the power factor resulting into less
consumption of electricity. During the year 2006-07, the
company successfully completed/commissioned its
Sinter Plant, de-bottlenecking of the DI pipe facility for
increase in pipe production. Slag Granulation plant also
put into trial use. Jindal Saw forayed into urban
infrastructure projects in February of the year 2008, JSL
sees the urban infrastructure projects contributing a
greater share of company's revenue in the next five
years as the country increases spending on
infrastructure projects to sustain high level of economic
growth. The company secured a contract from NDWPCL -
a joint venture between the Delhi Government and
IL&FS - to develop a 16 MW waste based power plant. As
of March 2008, JSL signed on Grey Worldwide as its
creative partner. The Company recently secured the
Cairn Energy contract for supply of pipes covering 600
kilometers, worth $200 million. JSL will expand the
capacity of its plant to 2,20,000 tonnes a year, with an
investment of Rs. 350 crore. 'The Company will expand
its seamless tube making plant in Malegaon,
Maharashtra for which it signed a memorandum of
understanding with the state government'.