Jindal Saw Ltd to form JV with Hunting Energy Solution Pte Ltd

The Board of Directors of Jindal Saw Ltd has approved to enter into the Joint Venture agreement with Hunting Energy Solution Pte Ltd, and to incorporate a Joint Venture Company in India.

The objective of the JV agreement is to set up a world class, state of the art precision machine shop (termed 'Centre of Excellence') to thread premium connections in India for the products ,i.e., oil country tubular goods and accessories for markets across the globe.

Shares of Jindal Saw Limited was last trading in BSE at Rs. 114.10 as compared to the previous close of Rs. 116.10. The total number of shares traded during the day was 92220 in over 1052 trades.

The stock hit an intraday high of Rs. 116.60 and intraday low of 113.60. The net turnover during the day was Rs. 10609867.00.

Source : Equity Bulls

Keywords

JindalSaw INE324A01024 JV HuntingEnergy