Jindal Saw eyes acquisition for terminals, container licence

Steel pipemaker Jindal Saw Ltd is in talks to acquire a logistic firm that operates container trains and owns terminals for about Rs 1-1.5 billion and expects to close the deal in three months, its managing director said on Tuesday.

"We are planning to acquire a company in this space which has terminals at critical locations. At that level, we would probably become India's only multi-modal logistics company which has its own terminals, its own rail operations and also has ships," Indresh Batra told Reuters in an interview.

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