Jindal Saw Ltd. Shares Surge 6% on $105 Million Middle East Expansion Jun 10, 2025
Jindal SAW, a leading steel pipe systems manufacturer, announced a $105 million investment for a new seamless pipe plant in Abu Dhabi and the establishment of two joint ventures in Saudi Arabia. The company's share price increased by 6.09% following the announcement, reflecting positive investor sentiment towards the expansion strategy. The move is expected to strengthen Jindal SAW's presence in the Middle East region and potentially open up new revenue streams.
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More news about Jindal SAW
02May 25
Jindal Saw Reports Q4 FY2024-25 Results: Revenue and Profit Decline
Jindal Saw Ltd reported a 7% decrease in consolidated revenue to ₹5,046.60 crore for Q4 FY2024-25. EBITDA fell by 20% to ₹736.20 crore, while net profit declined 42% to ₹291.28 crore. Despite financial challenges, the company announced a dividend of ₹2.00 per share, subject to shareholder approval.