Jindal Saw Share Price Jumps 10% on $118 Million Middle-East Expansion Drive

Market Performance

• Opening price: ₹238.20
• Intraday high: ₹255.00
• Daily gain: ≈ 10 %
• Over the last two sessions, the Jindal Saw share price has advanced roughly 16%, reflecting strong market enthusiasm.

Short-lived dips were swiftly bought, underscoring solid investor confidence in the expansion announcement.

Main News: $118 Million Investment Breakdown

Jindal Saw's board has green-lit three international investments worth $118 million to deepen its iron-and-steel presence across the Middle East:

• UAE Step-Down Subsidiary
  • Location: Abu Dhabi
  • Focus: Pipe manufacturing plant
  • Capacity: 300,000 tons per year dedicated to oil-and-gas pipelines across MENA.
• Saudi Arabia Joint Ventures
  • HSAW Pipe Project
    • Partner: Buhur for Investment Company LLC
    • Product: Helically spiral welded pipes.
  • Ductile Iron Pipe Facility
    • Partner: RAX United Industrial Company
    • Goal: Boost the supply of ductile iron pipes for regional infrastructure.

All ventures will proceed after securing mandatory government and regulatory approvals.

Company Details

Founded as a flagship of the O.P. Jindal Group, Jindal Saw Limited engineers large-diameter pipes and tubes for global energy and water projects. The latest Middle East push aligns with the firm's strategy of pairing advanced metallurgy with proximity to demand hubs, cutting logistics costs and widening market reach.

Summary

The swift 10% leap in Jindal Saw's share price reflects investor optimism following the board's $118 million commitment to new pipe ventures in the UAE and Saudi Arabia. By adding 300,000 TPA capacity in Abu Dhabi and two Saudi projects, the company sharpens its competitive edge in a fast-growing MENA infrastructure market—setting the stage for sustained operational growth.