08
Mar
00:00
Jindal SAW takes over operations of various PSL pipe mills
Jindal Tubular (India), the wholly-owned subsidiary of Jindal SAW, has entered into an agreement to operate and maintain certain mills of PSL for one year, Kallanish learns from the Indian pipemaker. The deal has the provision to be extended or modified.
Neither Jindal SAW nor PSL could not be contacted for comment on the agreement. Reports, however, suggest it has been struck to meet the operating costs of PSL’s Varsana, Vizag, Vaiyavoor and Jaipur mi…
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