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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Saudi Arabian Oil Company    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

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Saudi Arabian Oil : Piyush Steel adds capacity to Rajasthan factory to meet demand

10/26/2020 | 05:51am EST

Mumbai, India - - Due to pickup in demand for the company's duplex steel pipes and stainless steel pipes, such as Duplex Steel Pipes, SMO 254 Pipes, SS 310 Pipes, and SS 904L Pipes, Piyush Steel is adding capacity to its Rajasthan factory.

Nilesh Jain, Head of Sales at Piyush Steel, raves that "We have been able to make a long lasting relationships with our clients by providing the best quality of duplex and stainless steel pipes at very competitive prices. Now with the aid of our large production capacity, we will be able to meet the bulk of the expected future demands for these products.

Piyush Steel is a leading manufacturer and exporter of Stainless Steel 254 SMO Pipes and Tubes and is prominent for using high quality material that combined with Nickel and Copper, result in a very effective imperviousness to setting and hole erosion, particularly in situations containing halide particles, e.g. chloride, bromide and fluoride arrangements.

The company also offer SS 310 Pipes, and SS 904L Pipes. Piyush Steel, which began its operations in 1983 and caters to Industrial and energy sectors, supplies its products to major name brands in the region, such as Saudi Aramco, ADNOC and Shell.

The company also built world class expertise in dealing with these global clients over the years. Nilesh says that his role and travels has given him a unique appreciation and insight into different cultures as it has "brought me to both jobsites and boardrooms."

Piyush Steel's entire team of engineers, technicians and skilled staffs closely work with clients for numerous trainings, including seminars and workshops. They are also hands-on for real-time discussion regarding what at specifics their products can be produced to meet client needs.

About Piyush Steel

Piyush Steel has produced tubular metal products since 1983 and is one of the biggest stainless steel exporters in India. The company has achieved the ISO (International Organization for Standardization) 9001:2008 certification and provides services in purchasing and supply of stainless, High Nickel Alloys, APIX65 Pipe and carbon steel rolled products worldwide.

Piyush Steel regularly supplies products around the world to many leading industries such as Chemical plants, Fertilizer producers, Breweries, Construction, Oil & Gas, Refineries, Paper Mills, and Cement manufacturers. Piyush Steel clients include Shell, Saudi Aramco, Qatar Petroleum, and Kuwait Oil Company among others.

Media Contact

Company Name: Piyush Steel

Contact Person: Nilesh Jain

Email: info@piyushsteel-pipes.com

Phone: +91 22 23867540

Country: India

Website: https://www.piyushsteel-pipes.com/

Source: www.abnewswire.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2020 816 B 218 B 218 B
Net income 2020 203 B 54 109 M 54 109 M
Net Debt 2020 318 B 84 738 M 84 738 M
P/E ratio 2020 36,0x
Yield 2020 3,85%
Capitalization 7 166 B 1 910 B 1 910 B
EV / Sales 2020 9,17x
EV / Sales 2021 6,92x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
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Saudi Arabian Oil Company Technical Analysis Chart | 2222 | SA14TG012N13 | MarketScreener
Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 32,47 SAR
Last Close Price 35,85 SAR
Spread / Highest target 8,79%
Spread / Average Target -9,43%
Spread / Lowest Target -33,1%
EPS Revisions
Managers
NameTitle
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Yasir bin Othman Al-Rumayyan Chairman
Khalid H. Al-Dabbagh Senior VP-Finance, Strategy & Development
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Mark Moody-Stuart Independent Non-Executive Director
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