Jindal SAW Ltd., a key player in global hydrocarbon and water infrastructure sector has posted an increase of 87% (pro-rata) net operating profit at Rs 413 Crores for the 15 months year ended December 31, 2007 as against Rs. 176 crores over last financial year ended 30th September, 06.

The Company’s gross turnover increased by 38% to Rs. 7017 Crores for the 15 months period ended 31st December, 07 from Rs. 4061 Crores for 12 months period ended September, 2006. The total operating profit (EBIDTA) increased by 59% to Rs. 813 Crores from Rs. 410 Crores, operational profit after tax increased by 87% to Rs. 413 Crores from Rs. 176 Crores in the aforesaid period. Fully diluted EPS for 15 months period is Rs 74.76 per share as against Rs 33.20 per equity share in the above period

The above net operating profit of Rs 413 crores does not include extra-ordinary profit of Rs 464 crores (net of tax of Rs 130 crores) received for divestment of entire shareholding of USA Subsidiary Company.

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About Jindal SAW Limited

Part of USD 10 billion Jindal Group, the fourth largest industrial house in India Jindal SAW Ltd. is one of the country’s largest producers of SAW pipes, which is widely used in the energy sector for transportation of oil and gas. With integrated facilities at multiple locations and an ever-expanding market opportunity, it has diversified from a single to a multi-product company, manufacturing Submerged Arc Welded Pipes, Spiral Pipes and bends for the energy transportation sector; carbon, alloy and stainless steel Seamless Pipes and tubes for industrial applications; and Ductile Iron pipes for water and sewage transportation.

Besides this Jindal SAW Ltd. provides value added products and services like anti-corrosion coatings for pipe and bends, induction bends and connector casings.

Jindal SAW Ltd. today is an established market leader and global major providing Total Pipe Solutions spanning continents.

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