Jindal Saw bags Rs 1,200 crore pipe order, shares surge 4%

Jindal Saw Limited secured a Rs 1,200 crore order for a gas pipeline project in the Middle East.

The company will fulfill the pipe supply contract over the next 12 months.

Shares of the company surged 4% to Rs 582.40 on the NSE following the announcement.

The contract strengthens the firm's global market footprint and existing order book.