Jindal Saw Ltd signs MOU with Sula Shipping for restructuring of transhipment business of Jindal ITF Ltd

A Memorandum of Understanding has been entered into between Jindal Saw Ltd. and SULA Shipping and Logistics Private Limited in relation to restructuring of transhipment business of Jindal ITF Limited, a wholly owned subsidiary. The definitive agreement(s) will be entered between the parties in due course.

Shares of JINDAL SAW LTD. was last trading in BSE at Rs.74.55 as compared to the previous close of Rs. 74.4. The total number of shares traded during the day was 147875 in over 2027 trades.

The stock hit an intraday high of Rs. 75.55 and intraday low of 72.3. The net turnover during the day was Rs. 10970007.
Source: Equity Bulls