Pipe maker Jindal Saw’s subsidiary Jindal Saw Middle East FZC (JSME) has closed a club facility of about ₹775 crore for its long term requirements.
JSME has a large facility in Abu Dhabi (UAE) to produce ductile iron (DI) pipes. It also provides techno-economic products and solutions for water transportation and sewage systems in the wider MENA region.
JSME has the approval for supply of its DI pipes from many Middle East and North Africa countries. The Commercial Bank of Dubai PSC, Commercial Bank International PSC, Emirates NBD PJSC and Mashreqbank PSC acted as mandated lead arrangers and book runners. Alpen Capital (ME)was the financial advisor to the transaction.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.