Mumbai, November 29, 2007: The expansion project of Jindal SAW Nashik Unit has been accorded the status of the Mega Project by the Honorable Government of Maharashtra.

Jindal SAW Ltd is a part of the US $ 10 billion OP Jindal Group. Under the expansion programme, the present annual capacity of Nashik unit is being augmented from 75000T of finished tubes to 220000T of finished tubes. The main equipment PQF mill (Precision Quality Finishing mill) with the state of the art technology is being imported from SMS Germany and other supporting equipments are being procured from USA, China, South Korea and Austria. A new cold mill is already under commissioning and the total expansion is expected to be completed by Aug 2008.

With the approval as Mega Project, Nashik unit will be eligible for Industrial promotion subsidy under the Package scheme of incentives – 2007. This will help the unit to be more competitive in the market since major portion of the investment gets covered with the subsidy.

The Nashik unit, situated in the Sinnar Malegaon MIDC, is engaged in the manufacturing of seamless tubes for application in Petroleum sector , Automotive sector and numerous other segments like Boilers, Hydraulic cylinders etc.

About Jindal SAW Limited:

A key player in global energy and water infrastructure Jindal SAW Ltd. is one of the country’s largest producers of SAW pipes, which is widely used in the energy sector for transportation of oil and gas. With integrated facilities at multiple locations and an ever-expanding market opportunity, it has diversified from a single to a multi-product company, manufacturing Submerged Arc Welded Pipes, Spiral Pipes and bends for the energy transportation sector; carbon, alloy and stainless steel Seamless Pipes and tubes for industrial applications; and Ductile Iron pipes for water and sewage transportation.

Besides this Jindal SAW Ltd. provides value added products and services like anti-corrosion coatings for pipe and bends, induction bends and connector casings.

Jindal SAW Ltd. today is an established market leader and global major providing Total Pipe Solutions spanning continents.

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