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Buy Jindal Saw

This article was posted on Feb 17, 2008

Buy Jindal Saw on dips for a short term target of 890. Cmp: 820

Company is in expansion mode: Jindal Saw Limited signed a memorandum of understanding (MOU) today with the Government of Maharashtra to expand its Seamless tube manufacturing facilities at its integrated plant at Malegaon MIDC, in Tal.Sinnar, Dist. Nashik, Maharashtra

Jindal’s expansion plan includes increasing its Seamless tube manufacturing facility from the present 75000 tonnes to 220000 tonnes per annum, entailing an investment of about Rs 350 crores and creating new employment opportunity directly and indirectly. The expansion will be completed by August 2008.

Call given on 18-02-08

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