Jindal Saw Continues To See Healthy Order Book In Q1 FY22
04, Aug 2021
Jindal SAW Limited, a leading global manufacturer and supplier of iron and steel pipe products with manufacturing facilities in India, the USA and the UAE (MENA) produced 1,96,500 t of pipes, up 13% y-o-y. The company sold 2,45,200 t of pipes, up 30% y-o-y against 1,88,400 t in the year-ago period. Quantitative sales of large diameter SAW pipes, LSAW and HSAW, stood at 95,500 t in Q1 compared to 92,000 t in Q4 FY21 while ductile iron pipes sales stood at 1,02,900 t. Despite Covid-19 uncertainties, during the quarter ended 30 June 2021, the company booked fresh orders of INR 24,000 million as against sales of INR 24,174 million.
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