Jindal Saw gets API licenses reinstated for seamless pipes

Regulatory product approvalBusiness Updates View source PDF Explain this filing

JINDALSAW · price

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹258.98

prior close

₹257.13

announcement price

In-mkt

timing

Nifty Smallcap 250market-0.4%+0.8% vs market

Iron & Steel Products peers, median of 98sector-0.8%+1.2% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Smallcap 250 and 1.2 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+1.0

15m

+0.4

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.4-0.4+0.8-0.8+1.2

Next day

+0.8-0.9+1.7-1.4+2.2

+1.0-0.4+1.3-1.7+2.6

-0.2+0.1-0.3-2.0+1.8

+1.3+1.1+0.2-1.6+2.9

+0.7+1.2-0.4-1.3+2.0

+1.2+0.9+0.2-2.1+3.3

15d

+3.9+1.2+2.6-3.5+7.4

-3.1+0.2-3.3-3.4+0.3

+8.7+3.2+5.5-4.7+13.4

+10.3+2.1+8.2-0.6+10.8

UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel Products peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Jindal Saw had all its API licenses reinstated by the American Petroleum Institute effective 24th June 2026, valid till 24th June 2029. This follows the company's successful corrective actions addressing earlier non-conformities flagged by API. The reinstatement allows Jindal Saw to affix the API Monogram on its seamless pipes, resume supply to global oil and gas majors, participate in tenders, and safeguard core revenue streams.

Likely market impact

Positive for revenue and exports. Company can resume certified seamless pipe supplies to global oil and gas clients and bid for new tenders.