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Jindal Saw Ltd manufactures LSAW pipes, HSAW pipes, DI pipes, seamless pipes and pellets.
Jindal Saw's Board has reconstituted its Audit, Risk Management, and Nomination & Remuneration Committees. This updates key governance structures, aiming for enhanced oversight and operational efficiency.
Jindal Saw's API licenses for seamless pipe manufacturing have been reinstated. This allows the company to resume supplying certified pipes to global oil and gas majors, participate in tenders, and safeguard its core revenue streams.
Jindal Saw's consultant was fined Rs 10,000 for violating the trading code. This involved selling 15,000 equity shares, valued over Rs 28 lakh, without pre-clearance. The company noted the breach was inadvertent with no price-sensitive information involved.
Jindal Saw's additional LSAW plant in KSA, via JV, is now set to begin by June 9, 2025, one year sooner than previously announced. This capacity boost addresses rising pipe demand.
Jindal Saw reported Q4 FY26 standalone PAT of 114 Cr and FY26 PAT of 784.1 Cr, impacted by MENA conflict. This hit exports and UAE operations. Standalone order book remains strong at ~US$ 1.32 billion. Debt decreased across the board. New facilities are developing in UAE and KSA, and API...