Announced Thu, 25 Jun · 14:30 IST
Jindal Saw gets API licenses 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
₹257.13
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+1.0+0.4+1.6+0.8+1.0-0.2+1.3+0.7+1.2+3.9-3.1——
Up moveDown movePending
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.