16-08-2012, 01:30 PM
Jindal SAW Ltd
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Introduction
Jindal Organization The $12 billion Jindal Organisation is one of India's largest business groups, ranked fourth amongst the Top Indian Business Houses in terms of assets. Established in 1970 by Mr. O. P. Jindal, the Organisation has expanded and diversified into varied business areas in a planned manner, thereby ensuring the creation of a synergistic foundation for its various business ventures. The Organisation's manufacturing facilities are spread across 13 plants at ten pivotal locations in India, with two plants situated in USA. The Organisation has always been technology-driven, leveraging its tech strengths as the bedrock for its diversified product portfolio. Yet, despite the diversity, the focus at Jindal has always been steel. From mining of iron ore to the manufacturing of value added steel products, Jindal has a pre-eminent position in the flat steel segment in India and is poised to emerge as a major global player, with its overseas manufacturing facilities, and its strategic manufacturing and marketing alliances with global majors.
About Jindal SAW Ltd. JINDAL SAW LTD.
Formerly known as SAW PIPES LTD belongs to US $ 12 billion Jindal Group, the forerunners of Steel, Stainless Steel Industry and Pipe Industry. Mr. P.R Jindal promoted Jindal SAW Ltd. in 1984. It was the time when country was importing most of its high-grade steel line pipe to meet the growing requirement of Oil & Gas Sector Companies in India both for their Off-shore and On-shore Line pipes Projects. Since then JINDAL SAW LTD. has manufactured more than 13,500 Kms of Line pipes, exported in excess of 7500 Kms of Line pipes for supply to On-shore and Off-shore pipeline projects to reputed Oil & Gas Sector Companies around the world. JINDAL SAW LTD. therefore, has pioneered and perfected the art of Longitudinal Submerged Arc Welded (LSAW) Pipes adopting U-O-E & J-C-O forming processes and is by far emerged as the most experienced line pipe manufacturing Company in this part of the World, after Japan. In India JINDAL SAW LTD. is the only Pipe Mill, which manufactures pipes adopting U-O-E process.
Cost factors
Majorly cost based pricing is adopted in JSL. The method determines the price of a product or service that uses direct costs, indirect costs, and fixed costs whether related to the production and sale of the product or service or not. These costs are converted to per unit costs for the product and then a predetermined percentage of these costs is added to provide a profit margin. Cost based pricing is done by two means. First, present costs of raw material, operational costs incurred and several indirect costs are involved, by calculating these costs the pricing is done. Second, by considering the economic factors and objectives the mark up price is decided.