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Jindal SAW Limited is an Indian company that manufactures and supplies iron and steel pipes and pellets. It has manufacturing facilities in India, USA, Europe, and UAE. The company operates in four strategic business units: Large Diameter Submerged Arc Welded Line Pipes, Seamless Pipes & Tubes, Ductile Iron Pipes, and Stainless Steel Seamless and Welded Pipes. Its products are used in oil and gas exploration, transportation, power generation, water supply, drainage, irrigation, and other industrial applications. The company's main business segment is Iron & Steel products, which includes the manufacturing of iron and steel pipes and pellets. Jindal SAW serves various industries including oil and gas, water management, and power generation.
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Company insights, generated from the most recent coverage.
Standalone Net Debt reduced significantly to ₹2,453 crore from ₹3,154 crore, supported by strong cash flow generation of ₹1,800 crore, improving balance sheet health.
Stock continues momentum from 52-week high breakout, rising to ₹313.30 (+3.59%) with day high of ₹315.55, following yesterday's +9.15% surge; technical traders and momentum buyers adding positions.
Investor meet with Mirae Mutual Fund scheduled for Aug 27 acts as near-term catalyst, reinforcing positive sentiment after yesterday's breakout surge.