Jindal Saw Skyrockets 5.5% After Unveiling Massive ₹980 Cr Expansion in UAE and Saudi Arabia
By Ankur Chandra | Published at: Jun 10, 2025 06:16 PM IST
New Delhi, June 10, 2025 — Jindal Saw Ltd (NSE: JINDALSAW | BSE: 500378) shares surged 5.45% to ₹244.52 in early trade on Monday following board approval of three major international investments totaling USD 118 million (approx. ₹980 crore). The expansion plan includes new manufacturing ventures in the United Arab Emirates and Saudi Arabia, aimed at boosting global operations in the oil and gas infrastructure segment.
Stock Performance Snapshot
| Metric | Value |
|---|---|
| Last Traded Price | ₹244.52 |
| Change | +₹12.64 (5.45%) |
| Day’s Range | ₹238.50 – ₹246.00 |
| 52-Week Range | ₹199.62 – ₹383.85 |
| Market Cap | ₹15,652.60 crore |
| Volume (Shares) | 44.99 lakh |
| VWAP | ₹242.61 |
| P/E Ratio | 9.73 |
| Index | Nifty 500 |
Investor sentiment turned sharply positive after the company announced aggressive expansion plans focused on high-demand Middle East markets.
Breaking Down The ₹980 Crore Global Expansion
Jindal Saw’s board has greenlit the following overseas projects:
| Project | Location | Structure | Investment | Equity Stake | Timeline |
|---|---|---|---|---|---|
| Seamless Pipe Plant | Abu Dhabi, UAE | Step-down subsidiary | USD 105 Mn | 100% | 3 years |
| HSAW Pipe JV with BUHUR | Saudi Arabia | Joint Venture | USD 10 Mn | 51% | 2 years |
| Ductile Iron Pipe JV with RAX | Saudi Arabia | Joint Venture | USD 3 Mn | 51% | 12–18 months |
All three projects will cater to the iron and steel segment, strengthening Jindal Saw’s manufacturing footprint in the oil, gas, and water infrastructure sectors across the MENA region.
What To Expect From The Increased Production
The UAE facility is expected to have a 300,000 TPA seamless pipe manufacturing capacity, while the Saudi ventures will focus on spiral welded and ductile iron pipes, in partnership with BUHUR and RAX United Industrial Company respectively.
These projects are expected to significantly expand Jindal Saw’s export capabilities, reduce logistical dependencies, and boost long-term margins through localised production.
Recent Financials (Standalone Q4 FY25)
| Quarter Ended | Total Income | Net Profit | EPS (₹) |
|---|---|---|---|
| Mar 31, 2025 | ₹5,06,748 lakh | ₹8,692 lakh | ₹4.58 |
Dividend and Listing Info
- Latest Dividend: ₹2 per share (Ex-date: June 5, 2025)
- Listing: NSE & BSE
- Industry: Iron & Steel Products
- Face Value: ₹1 per share
About the Company
Jindal Saw Ltd, part of the O.P. Jindal Group, is a leading manufacturer of iron and steel pipes used in energy, water, and infrastructure projects. With a presence in over 50 countries, it is a constituent of the Nifty 500 index and continues to expand its global footprint.
REF: https://www.nseindia.com/get-quotes/equity?symbol=JINDALSAW
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