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Pran Pratistha Pooja - MSL Nagar

beautiful new temple build at MSL Nagar. Its construction was started in June 2015 and completed on Jan 2018. The temple is made from superior stone from Rajasthan Aand Agra, height of the temple is approx. 75 feet. It is one of the unique and most

aesthetic temple in the entire area.

D.P. Jindal Group Newsletter Jan2018

Hon'ble CMD Shri. D.P. Jindal & Smt. Savita Jindal started the Temple "PranPratistha" Pooja On 22/01/2018 , which was carried out till 27/01/2018.

Jindal Mount Litera Zee School-Annual Day Function

Welcome of Managing Director Shri Saket Jindal by school students

Principal welcoming Shri. Shiv Kumar Singhal (Director)

A huge and colorful spectrum of music and dance was witnessed by people on annual day held on 10 & 11 Jan 2018. The theme for Pre-primary & Primary section was “Badalta Bachpan” in which complexity, confusion and fear among growing children was depicted through well choreographed dances.The theme for Secondary & Sr. Secondary section was “Ganga Behti Ho Kyon”. Culture of cities on the bank of River Ganga was shown through regional dances and concern was also shown on increasing pollutant in the river. It was beautifully correlated with corruption in the different strata of society.

Lighting the lamp by Shri. Ambika Saha (Chief Commercial Head)

Lighting the lamp by Shri.R K Khandelwal ( V P Finance)

Is your money with Bank is safe and secured?

This article will change your thinking about keeping hard money with bank. Anyone who have surplus money try to place with such hand who will keep it safe and also will pay higher return. There are two option people normally consider about keeping liquid money:

1. Keep in hard Currency Note : This is very traditional method of storing money. No need to depend on others. Money is available any time for any purpose. In cash and carry market maximum transactions are still settled in hard cash. In some market like vegetable market, grocery market and days to day house holds are only settled in cash. In Indian Hindu Marriage , marriage rituals are performed only with hard cash. There is no other means of payments available for offering to god during puja.

But demonetisation of Rs 500 and Rs 1000 notes has forced people to think about this option. Hard cash is always subject to theft, burglary, fire , flood and pick pocketing. Income Tax Department and other government department also raise question if unaccounted cash is found with any person.

2. Deposit with Bank: Another most popular alternate is to keep money with bank in Deposit Accounts. Following are kind of deposit account available with bank:a. Saving Account, b. Current Account, c.Fixed Deposit Account

Jindal Drilling Accomplishments

Rig Jindal Explorer Received its first contract

Jindal Drilling won ONGC’s 3 year contract for Rig Jindal Explorer. The rig is Presently in Malaysia is expected to commence the contract in India by March 2018

JDIL won GAIL’s Mud Logging contract

JDIL won GAIL’s 1 year contract for providing Mud Logging services. This contract is 2nd consecutive contract GAIL has awarded to JDIL.

JDIL won GSPC’s Directional Drilling Contract

JDIL’s 2 set short term contract on callout basis was awarded to JDIL.GSPC contract also includes specialized GYRO services as well.

l Jindal Supreme

Rig Jindal Supreme broke ONGC record of highest meterage drilled in single day, achieving 1241 meters in 24 hours. Jindal Supreme completed 5 months without downtime.

Now come to the question :a) is deposit with bank is secured ?b) can Depositor take a legal action as Financial Creditor to recover Fixed Deposit Amount from bank if bank does not pay it.You will get surprised to read that bank deposit is not secured. This is unsecured deposit and very few legal recourses are available to depositor. This is also notable than in following case bank could refuse to pay you at time of withdrawal:1. If KYC ( know your customer ) is not complete.2. On RBI directive to put deposit on hold or release upto particular amount.3. If Bank does not have money to pay to its depositors4. On court directive.5. On Instruction of regulatory agency like Income Tax, SEBI, GST Authority etc.Recourse Available to Depositors: 1. Bank Deposits upto Rs 1 lakh ( Inclusive of principal and interest) is insured by d e p o s i t insurance and credit guarantee corporation (DICGC). Deposits above Rs 1 lakh are not guaranteed and totally unsecured.2. Depositor could approach to Banking Ombudsman, where maximum compensation is Rs 10,000/- Hence, all those who think that Deposit with bank very safe, must consider in mind before taking final call. They should maintain balance view and considering all aspects take final call.

Contributed byShree Krishna-MSL Finance

a) Saving Accounts: Saving Account are most popular kind of Account available to Individuals, Hindu Undivided Family and Trust. Bank offers differential rate of interest on saving account varies between 3% PA to 6 % PA. Interest upto Rs 10000/- is exempted under Section 80 TTA. Banks issue Debit Card and ATM Card to withdraw money in cash from these Accounts. Other mode of withdrawal like cheque, pay order, demand draft, online payment, BHIM, Bharat Pay , ECS , NEFT and RTGS are also permitted in these Account.Saving Accounts are subject to Saving Account Regulation of RBI under which bank could put maximum number of withdrawal in a month and cap on withdrawal.b) Current Account :Current Account is available for all kind of person like Individual, Hindu Undivided Family , Partnership, Trust, Companies ets. As per RBI directive bank could not pay any kind of interest to account holder. Normally bank takes charges to maintain such accounts. c) Fixed Deposit : People who like to earn more interest and do not need fund in particular time , deposit their money in Fixed Deposit with bank. Normally Fixed Deposit with bank could be opened from Minimum 15 days to 10 years Maturity. Some case bank offer fixed deposit for higher maturity. Amount from Fixed Deposit can be withdrawn either by premature termination of Fixed Deposit or a taking a short term loan upto 70% of Fixed Deposit Amount. Interest of loan in 1%-3% higher to Fixed deposit rate and loan due date must be on or before the Fixed Deposit Maturity date.

BC Jindal Charitable Hospital- Upgradation programme

Shri. Anant Geetej (Minister for Heavy Industries and Public Sector Enterprises, Indian Govt.)

Welcome of guest of honour Shri. Dhairyashil Patil by Shri. Saket Jindal

Welcome of Shri. Sanjay Pathare by Shri. Raghav Jindal

How do you see the demand of steel pipes andtubes in the domestic oil sector?

We have two categories of pipes and tubes: Seamless and ERW. We have significant requirements coming from government PSUs like ONGC. Recently we are expecting an order of 1-lakh tonne valued ̀ 750 crore from oil sector. We have other customers in the public sector mainly in the oil and gas, boilers, oil refineries, onshore and offshore mining. We also see increasing demand in drill pipes segment.Besides, we are exporting to the markets in USA, Canada, North America and in parts of Europe.

Today, as the oil price is increasing, the realisation of steel pipes is going up. So, our margin is also intact. We also have an expansion plan – a new plant is coming up at Mangaon in Maharashtra having the production capacity of 2-lakh tonne per annum. We would produce steel pipes and mechanical tubing at the new greenfield facility.

Today we have around three-months order which will be of around ̀ 1,500 crore in value terms.

The plant has been set up at a relatively low CAPEX with around one-third of the price as per the industry standard. The total investment is about `350 crores. It will give us a considerable capacity expansion and increased foothold in a market share.

We are not facing any difficulties – in fact we are in a more comfortable position now. Imposition of anti-dumping duties by the government last year, has resulted in curbing the influx of cheaper imports and helped local producers like us. Earlier, Chinese companies were enjoying almost 90 per cent of the market share in the oil sector especially from ONGC. Now, post anti-dumping duties is imposed, MSL is getting their 100 per cent orders.

What will be your total order booking in terms of value?

How much have you invested in the upcoming plant?

What are the major difficulties faced in getting the government orders?

Maharashtra Seamless hopes better

realisation in Fy19“Imposition of anti-dumping duties by the government last year, has resulted in curbing the influx of cheaper imports and helped local producers like us”.

- Mr. Saket Jindal interview - B2B Purchase, Jan 2018

How it has impacted on your financial performance?

Could you let us know more about your presence in the export markets?

What are the core objectives you would like to achieve in 2018?

Which product segment will give you the better business in 2018? Is it going to be seamless only?

Apart from investing in capacity expansion, do you have any other investment plan in pipeline?

The pipes that we were selling for US$ 500-600 per tonne, now it costs US$ 1,000. So, we are getting better realisation.

We have started exporting to Canada and Latin America which is giving us significant profit. The US market has been dull for some time and we are concentrating more in Canada market as the realisation in Canada is far better than the USA. So, whichever market gives us better realisation, we will focus on that market.

We would like to streamline our new expansion. We would focus on reducing the costs and lead time by enhancing operation efficiency. We would also plan to get increase out footprint in overseas markets.

Yes, seamless is our major chunk of the turnover. So, naturally the contribution of seamless will be higher. Also, with the anti-dumping duties in place, we expect better business realisation.

We have set up a 20 MW solar power plants with NTPC in Rajasthan. Similarly, we are planning a captive solar power plant in our Maharashtra facility with an investment of ` 70 crore. This will help us to further bring down our operating expenditure.

EACH PERSON IS UNIQUE

"Each person comes into this world with a specific destiny--he has something to fulfill, some message has to be delivered, some work has to be completed. You are not here accidentally--you are here meaningfully. There is a purpose behind you. The whole intends to do something through you."

Osho

Collected by

Dinesh ChandraAdmin JPL Jindal Nagar

Jindal Nagar

CSR Program

Jindal Pipes Ltd., Jindal Nagar distributed blankets among poor and needy people living in peripheral areas of JPL under CSR Scheme of company on 12th January 2018. ADM, SDM, Tehsildar and other District administration official were also invited in the event. District administration praised JPL management for their social welfare programs.

MSL on the growth track- CFO Desk

MSL has witnessed an impressive growth in Q3 results. There has been increase of 16% growth from Q2 ( income from operation ). Further MSL is having good order position and has also bagged prestigious order of Rs 522 Crores from ONGC for the supply of seamless casing for their oil and gas exploration activities. Production at Mangaon has been commenced in Dec. quarter. There would be increase in volume in Q 4.

The company had undertaken another 14 MW Solar project at Dist. Beed, Maharashtra for captive purpose. The project is progressing well & will be operational by March 18. This will further reduce our power cost.

Jindal Nagar celebrated 69th Republic day with great enthusiasm on 26.01.18. Mr. D.B. Singh, GM (Tech) hoisted the National Flag in the presence of officials and employees of the Unit and spoke to the gathering about the sanctity of the occasion. Employees with their family members and school children joined the grand celebration. The gathering also witnessed various patriotic and cultural programmes by School students.

On the occasion of Republic Day, Sports Club of Jindal Nagar organized winter sports at Jindal Nagar on 26.01.18. Many games like Wheel barrow race, Thread & Needle race, Jalebi race, Musical chair, Slow cycle race, Shot put, In Out, Tug of war etc. were played. Drawing, Painting and Fancy dress competition were organized for childrens. Winners & runners of each game were awarded by prizes.

Repulic Day Celebration

Rotary Club Of Jindal Nagar organized Pulse Polio camp at Jindal Nagar on 28th January 2018. Pulse polio drop given to the children of Jindal Nagar and nearby villages.

Pulse Polio Camp

Nisha Sharma D/o Mr. Shri Bhagwan Sharma ( S u p e r v i s o r ) h a s completed MBBS Degree from BPS Govt. Women Medical College Sonepat (HR). She is selected for training in the above c o l l e g e . M a n y congratulations to her from the entre group.

Great achievement by staff

daughter

Pipe & MSL Nagar

Flag hoisting by Shri.V. Chandrasekaran Shri.R.K.Khandelwal ,Shri.R K Ragunathan & team members.

Picnic for workers '' at Kasim Beech & Birla Temple.

Republic Day Celebration

New Year Celebration

Cultural program was arranged on New Year. Inaugration was done by Shri.V. Chandrasekaran , Shri. Suresh Kedia -President MSL Sports & Cultural Club . All seniors & employees were present & enjoyed the event.

Presentation of dance & fashion show by colony childrens.

Cricket tournament was organized at Pipe Nagar Sukeli , by MSL sports club. ERW team employees was the winner of the event. The trophy was awarded to ERW team. Congratulation for there success.

Cricket Tournament

Disclaimer : Pipeline magazine does not warrant or assume any legal liability or responsibility for the quality, accuracy, completeness,legality, reliability or usefulness of any information, product or services represented within our magazine. The information provided is for the updation of information and communication to our group members, employees and associates.

“Pipeline” Magazinze is a D.P. Jindal Group Newsletter for internal circulation. Design and edited by Mr. Shashi Malhotra. Chief Consultant Mr. Raghav Jindal.