Jindal Saw announces Business Outlook

The pipe line industry has responded well to supply and distribution challenges. Future challenges require significant investments in the pipeline infrastructure. The growth in crude demand is resulting in "tight" pipeline capacities in various regions across the world. Lack of capacity is likely to temper the distribution market resulting in fuel shortages and / or retail price hike. Increasing demand of the hydrocarbon is providing adequate business opportunities to the SAW pipe manufacturing Companies and the same is expected to continue.

Similarly, increased focus of the Government of India and the civic bodies on improvement of the water and sanitation facilities is offering ample business opportunities to the Companies supporting the water and sewage infrastructure.

In view of above and also considering the increased E&P activities leading to higher demand of seamless tubes, the Company projects a significant growth in the SAW pipe, Seamless pipe and Ductile Iron Pipe business. The Company has global distribution mechanism for its diversified business portfolio. Its presence in various businesses segments including SAW pipe, Seamless pipe, Ductile Iron Pipe and steel plates also provide opportunity to remain in domestic as well as global markets.

Source : Equity Bulls

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