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Jindal Saw Limited

Jindal Saw ltd - ANS Pvt. Ltd.

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POSITIVESDiversifying into water management, waterborne transportation, waste to energy andfabrication (through infrastructure arm <strong>Jindal</strong> ITF) that have tremendous business opportunitiesWith the objective of carrying out infrastructure business in India, JSL has formed a 100%-ownedsubsidiary, <strong>Jindal</strong> ITF Ltd (JITF). JITF is the infrastructure arm of JSL which owns and operatesbusinesses in three segments of the Indian economy i) Water, Waste Water and Solid WasteManagement, ii) Domestic Transport & Logistics and iii) Transportation Equipment Fabrication.These businesses are being carried out through various companies created below JITF. Currently, ithas four companies under it (wholly owned subsidiaries), which are actively doing business - <strong>Jindal</strong>Water Infrastructure, <strong>Jindal</strong> Waterways, <strong>Jindal</strong> Urban Infrastructure and <strong>Jindal</strong> Rail Infrastructure.Revenue visibility to improve with increasing order backlogJSL’s order backlog as on March 31, 2010 stood at 780$ mn, which is slated to be executed by endof December 2010. Orders for <strong>Saw</strong> pipes account for 67.9% of the total order book ($530 mn),while Ductile Iron pipes & Seamless pipes account for 27.2% ($212 mn) & 4.9% ($38 mn)respectively. Out of the total orders for SAW pipes, Longitudinal pipes account for 60%, whileHelical / Spiral pipes account for 40%. Out of the total order book position, 50% are export orderslargely from Middle East & GCC countries.Capacity Expansions to drive revenues & profitsIn FY09, JSL increased its Longitudinal <strong>Saw</strong> Pipes (LSAW) capacity by 2 lacs MTPA at Mundra, whichhas already been operational from June 2009. The company also increased the capacity of itsSeamless Plant at Nashik by 1.5 lacs MTPA, which got operational in September 2009. Further, inJune 2010, JSL has expanded its Helical <strong>Saw</strong> Pipes (HSAW) facility at Bellary by another 1.1 lacMTPA at the cost of $25 mn (~Rs. 1150 mn). With this expansion, JSL’s HSAW installed capacity hasincreased by 25% to 5 lacs MTPA. Further the company is also setting up additional 2 lacs MTPAfacility of Ductile Iron Pipes at Mundra (Gujarat) at the cost of $75 mn (~Rs. 3500 mn). The initialwork on project designing has already commissioned. This project is expected to go on stream fromJune 2011. This is expected to double JSL’s DI pipes installed capacity to 4 lacs MTPA. The totalinstalled capacity of JSL is expected to increase by 10.3% from 19.5 lacs MTPA to 21.5lacs MTPA.

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