Jindal Saw Limited — Important, 09-06-2025: General Updates

Jindal Saw has announced a board meeting to approve three major investments totaling up to USD 118 million: a 300,000 TPA seamless pipe facility in Abu Dhabi targeting the MENA oil & gas sector (100% equity), a JV with Buhur for a helically spiral welded pipe plant in Saudi Arabia (51% equity), and a JV with RAX United Industrial for ductile iron pipes in Saudi Arabia (51% equity). Project completion timelines range from 12 months to 3 years, expanding the company’s footprint in key Middle East markets.