Commercial Bank of Dubai PSC, Commercial Bank International PSC, Emirates NBD PJSC and Mashreqbank PSC acted as Mandated Lead Arrangers and Book runners
Jindal SAW Middle East FZC (JSME), a subsidiary of Jindal SAW Limited, India (which is one of the largest producers as well as market leader of SAW pipes, Seamless tubes and DI pipes globally) has closed a club facility of AED 465 Million (app Rs 775 Crores) for its long-term and growth capital requirements. JSME has set up the largest facility in Abu Dhabi (UAE) to produce Ductile Iron (‘DI’) Pipes of various sizes and focuses on providing high quality techno-economic products and solutions for water transportation and sewage systems in the wider MENA region. JSME is already approved by various MENA region countries for supply of its DI pipes.
The project is set to deliver three million tons of coal to Farakka via Hooghly river
Jindal ITF, a wholly owned subsidiary of Jindal SAW Ltd and
Sula Shipping & Logistics Private Limited, pioneers of transshipment and barging of coal at Sandheads for the Farakka transhipment project, announced a project driven partnership. Together JITF and SULA are not only the pioneers but have also created the first commercially viable project. This partnership will increase the efficiency of the NTPC-Farakka waterways project which delivers imported coal to Farakka through barges.
Acquisition expands Jindal SAW's presence in North Americas the Premier Global Manufacturer of Water and Natural Gas Transmission PipeBAY ST. LOUIS, MS- AUGUST 25, 2014 - Jindal Tubular USA LLC ("Jindal Tubular"), a SPV of Jindal SAW one of the largest global manufacturers of SAW steel pipe, today announced the acquisition of the assets of PSL North America LLC (the "Company" or "PSLNA") for $104 million. Belonging to O.P. Jindal Group one of India's largest business conglomerates with interests spanning the steel, mining, power, industrial gases and ports verticals Jindal SAW is set to service the US market.
BSE capital goods index up 2.91%
Buying in index heavyweights L&T and BHEL pulled up the BSE capital goods index by 351 points, or 2.91 per cent, to 12,425 on Monday. Suzlon Energy, Pipavav Defence, AIA Engineering, L&T and BHEL jumped between 4 per cent and 6.74 per cent. Sadbhav Engineering, Va Tech Wabag and Jindal SAW added between 1.59 per cent and 2.09 per cent.