Jindal Saw Limited has informed the Exchange about Capacity addition

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JINDALSAW · price

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AI summary

Jindal Saw Limited's Board has approved setting up an additional LSAW (Longitudinal Submerged Arc Welding) pipe manufacturing plant in the Kingdom of Saudi Arabia. This expansion will be executed through the company's existing joint venture, Jindal Saw & Buhur Altavision Co. The new facility aims to address the increased demand for pipes in the market. This approval follows an earlier June 2026 board decision to incorporate a new company in KSA for an HSAW pipe project, indicating a broader expansion strategy in the Middle East region.

Likely market impact

This capacity expansion signals Jindal Saw's commitment to growing its pipe manufacturing business in a key market. The joint venture structure helps share investment risk while capturing growing regional demand for steel pipes.