Jindal Saw - Geared For Growth; Positive Demand Outlook: Systematix

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Systematix Research Report

Jindal Saw Ltd., founded in 1984, is the flagship company of PR Jindal group. The company manufactures large-diameter submerged arc welded pipes, ductile iron pipes, carbon, alloy, and stainless-steel seamless pipes and tubes, and has operations in India, the UAE, and the US.

In India, its manufacturing facilities are located at Uttar Pradesh, Gujarat, Maharashtra, Karnataka, and Madhya Pradesh having a cumulative capacity of ~2.5 mt in pipes and tubes.

Jindal Saw’s 300 ktpa plant in Abu Dhabi, UAE, manufactures large-diameter DI pipes, which primarily caters to the export markets of Middle East/North Africa region; it also has a double jointing and coating facility in Baytown, Texas, under Jindal SAW USA LLC (capacity of 5 million square meters per annum).

Jindal Saw also has a 2 mtpa iron ore mine and a 1.5 mt pellet beneficiation and manufacturing plant in Bhilwara, Rajasthan.

Over the years, Jindal Saw has evolved into a total pipe solution provider with a diverse product portfolio and integrated operations, which enhanced its margins.

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Systematix Jindal Saw Limited - Company Update.pdf

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