It is one of the largest global producers of DI pipes with manufacturing facilities in India, UAE and Europe.
In FY 2011, the Company acquired iron ore mines in district Bhilwara, Rajasthan in India. These mines have iron ore which is low in Fe content and hence, needs to be first beneficiated and thereafter the iron ore concentrate is used for production of value added products like pellets and other Iron & steel products. The beneficiation and pellet plants are fully operational. Pellet plant is producing at its rated capacity of 1.20 MTPA.
Jindal Saw’s most profitable segment – seamless pipes – is expected to see a revival in demand from North America and Europe, its primary market. However falling oil prices may have an adverse impact on the OCTG product demand. The company is focusing on enlarging product range which shall take care of the changing business environment.