Jindal Saw Ltd. bags prestigious order of more than USD 200 million from Cairn.

January 29, 2008, Mumbai: Jindal SAW Ltd. (JSL) announces the receipt of Letter of Award (the, LOA) from Cairn Energy India Pty. Ltd. (Cairn) for supply of line pipes, tracer tube, insulation and bends for Barmer Salaya Pipe Line (BSPL) project of Cairn. The value of the LOA is more than US$ 200 Mio. With this order, the total order book of JSL exceeds US$ 1 billion (approx. Rs. 4000 Crores). These orders are scheduled to be executed by January, 2009.

The pipeline will be of a total distance of more than 600 Kms. with a weight of app. 100,000 ton. The Company will execute this order from May, 2008 to December, 2008. This is a prestigious and unique project involving supply of LSAW line pipes for worlds’ longest underground pre-insulated heat traced pipeline to transport waxy and heavy crude which otherwise solidifies at ambient temperature. Whereas JSL will manufacture and fabricate the pipes, the insulating and jacketing work will be performed by Perma Pipes, subsidiary of MFRI Inc. JSL will also source 8” ERW pipe from other suppliers.

The pipeline will be jointly owned by Cairn in partnership with Oil and Natural Gas Corporation (ONGC). The pipeline will be used to transport heavy crude oil from their oil fields in Mangala in North West India to a terminal in Salaya a distance of approximately 600 kilometers.