Announced Thu, 25 Jun · 14:33 IST
Jindal Saw gets API license reinstated for seamless pipes
JINDALSAW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹258.98
prior close
₹258.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.3-0.2+1.0+0.8+1.0-0.2+1.3+0.7+1.2+3.9-3.1——
Up moveDown movePending
AI summary
Jindal Saw's API licenses for its seamless pipe facility have been reinstated by the American Petroleum Institute effective 24 June 2026, valid till 24 June 2029. The company addressed prior non-conformities to API's satisfaction. This allows Jindal Saw to resume manufacture and supply of API Monogram certified seamless pipes to global oil and gas majors, participate in tenders, and protect core revenue. Reference to earlier disclosure dated 18 February 2026.
Likely market impact
Positive: removes compliance overhang, restores access to key global oil and gas customers and tenders, protecting revenue streams.