What to watch. Will Jindal Saw deal cheer Sathavahana?

Sathavahana Ispat on Friday said it has entered into an operation, maintenance and management agreement with Jindal Saw. The deal is for three years initially and may be extended to a maximum of 10 years. Accordingly, Jindal Saw should manufacture and sell the products - ductile iron pipes, pig iron, coke and other related items - under its brand name in consideration of rentals. The company, however, did not disclose the financial details of the deal.