Jindal Saw eyes acquisition for terminals

Steel pipemaker Jindal Saw Ltd is in talks to acquire a logistic firm that operates container trains and owns terminals for about 1-1.5 billion rupees and expects to close the deal in three months,its managing director said on Tuesday.

We are planning to acquire a company in this space which has terminals at critical locations. At that level,we would probably become India’s only multi-modal logistics company which has its own terminals,its own rail operations and also has ships,Indresh Batra Jindal SAW Managing Director said in an interview.

Jindal Saw is also looking at a revenue of under Rs 1,000 cr from its water venture.