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Jindal Saw Ltd.

BSE: 500378 Sector: Metals & Mining
NSE: JINDALSAW ISIN Code: INE324A01024
BSE LIVE 15:43 | 18 Aug 92.10 0.90
(0.99%)
OPEN

90.50

HIGH

92.60

LOW

90.45

NSE 15:52 | 18 Aug 92.35 1.20
(1.32%)
OPEN

90.50

HIGH

92.90

LOW

90.30

OPEN 90.50
PREVIOUS CLOSE 91.20
VOLUME 145154
52-Week high 107.80
52-Week low 45.05
P/E 9.01
Mkt Cap.(Rs cr) 2,945
Buy Price 92.45
Buy Qty 210.00
Sell Price 0.00
Sell Qty 0.00
OPEN 90.50
CLOSE 91.20
VOLUME 145154
52-Week high 107.80
52-Week low 45.05
P/E 9.01
Mkt Cap.(Rs cr) 2,945
Buy Price 92.45
Buy Qty 210.00
Sell Price 0.00
Sell Qty 0.00

Jindal Saw Ltd. (JINDALSAW) - Chairman Speech

Company chairman speech

JINDAL SAW LIMITED ANNUAL REPORT 2011-2012 CHAIRMAN'S REPORT Dear Shareholders In response to the constantly evolving needs of the industry, Jindal SAW has been able to redraw the financial boundaries lending a positive note to the overall performance. Past few years have ushered in an extremely challenging business environment with a downturn in the global economy which in turn has presented many and varied issues across our business areas. Sound management coupled with course corrections at crucial stages of economic cycles, has ensured that we meet every possible challenge squarely. The financial position of the company for the year 2011-12 was affected, mainly due to adverse impact of input prices consisting of imported coal, indigenous coal, limestone, nickel, ferro alloys, aluminum, boiler coal, purchase power, increase in royalty on minerals, salaries & wages, higher interest & depreciation. Recently, there has been a marked decline in the prices of many categories of products as the larger realities of slow domestic demand and a bleak global economy has impacted the sector. Buoyed with renewed strong worldwide demand for pipes we have infused a positive synergy to all our business segments. The quest to service the existing and emerging markets efficiently has galvanized us to set up plants at strategic locations globally. A drilling pipe facility at Texas in USA has become operational. We have also set up state-of-the-art Ductile Iron Pipe plant at Abu Dhabi which will be catering to the MENA and the West Asian region and DI plant at Italy for operations and sales in Europe. All our actions are geared towards caring for the Earth. Be it transporting the oil and gas across the globe or transportation of water and waste water/sewage our pipes meet the most stringent global specifications and 50% of total manufactured pipes are sold in the global market. With operational facilities spread over the length and breadth of the country harnessing the logistics advantage of the land and port based facilities Jindal SAW can ensure on-time deliveries of the most demanding orders. Jindal SAW has also capitalized on the opportunities offered by the rapid urbanization that the nation has been witnessing through its wholly owned subsidiary Jindal ITF. The commissioning of Indian's largest waste to energy facility at Okhla, Delhi, JITF Ecopolis has not only opened new business opportunities but has shown how scientific solutions can benefit not just the society but the ecosystem as a whole. Bagging three other integrated waste management projects in Punjab and many other sates' projects in the pipeline has boosted the prospects further. Recently commissioned Jindal Rail has already manufactured and dispatched 125 wagons to Indian railways while the JITF Aquasource is handling several water concessions, water management and wastewater management projects across the country. A fleet of thirteen vessels including three containers, three bulk and seven barges JITF Vector has been successful in providing customized logistics solution along the Indian coastline and inland waterways. With fourteen more barges being readied for commissioning JITF Vector today is one of the largest service providers and is meeting the challenges of fuel linkages especially coal for the ever growing power generation base of India. We continue to support and laud Svayam for all its efforts for making public infrastructure accessible. It also goes to its credit to bring the 13th International Conference on Mobility and Transport for Elderly and Disabled Persons to India for the first time ever where more than 400 people from 45 nation will be congregating and deliberate on this issue. We continue to be optimistic about the Indian economic scenario and are of the firm belief that diversity and challenges help bring out the best in terms of better managerial skills and innovative off the beaten track solutions. We are intensely protective of our market leadership position. A mindful roadmap to keep it intact is being followed conscientiously. Product leadership and global reach uniquely positions Jindal SAW as a company not only built to last, but built to lead. Exceptional client servicing has been raising the bar for other industry peers and provided an opportunity to distinguish itself in its service to clients and allied communities. Despite facing the reality of an extremely challenging financial environment I am confident that together we can work towards creating value for all stakeholders. Jai Hind P.R. Jindal Vice Chairman