Jindal Saw Ltd Share Price – NSE /  BSE

Steel, Small Cap

Avenue Supermarts Ltd, Adani Power Ltd, Sun TV Network Ltd, Coforge Ltd are among the other stocks to see a surge in volumes on NSE today, 10 June 2025.

Jindal Saw Ltd registered volume of 483.11 lakh shares by 14:14 IST on NSE, a 19.4 fold spurt over two-week average daily volume of 24.90 lakh shares. The stock rose 7.87% to Rs.250.14. Volumes stood at 74.69 lakh shares in the last session.

Avenue Supermarts Ltd witnessed volume of 32.89 lakh shares by 14:14 IST on NSE, a 9.72 times surge over two-week average daily volume of 3.38 lakh shares. The stock dropped 2.80% to Rs.4,062.20. Volumes stood at 2.13 lakh shares in the last session.

Adani Power Ltd registered volume of 237.31 lakh shares by 14:14 IST on NSE, a 7.13 fold spurt over two-week average daily volume of 33.30 lakh shares. The stock rose 6.35% to Rs.598.85. Volumes stood at 47.24 lakh shares in the last session.

Sun TV Network Ltd clocked volume of 8.84 lakh shares by 14:14 IST on NSE, a 6.67 times surge over two-week average daily volume of 1.33 lakh shares. The stock gained 0.39% to Rs.628.50. Volumes stood at 82259 shares in the last session.

Coforge Ltd notched up volume of 59.01 lakh shares by 14:14 IST on NSE, a 6.37 fold spurt over two-week average daily volume of 9.26 lakh shares. The stock rose 1.84% to Rs.1,827.00. Volumes stood at 14.4 lakh shares in the last session.

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As part of this plan, the board has approved the incorporation of a step-down subsidiary in the United Arab Emirates. The new entity will establish a seamless pipe manufacturing facility in Abu Dhabi with an annual capacity of 300,000 tonnes. Designed to serve the oil and gas sector across the MENA region, this project involves an estimated investment of up to $105 million and is expected to be completed over the next three years. The new facility will be wholly owned by Jindal Saw through its subsidiary.

Additionally, the board approved two joint ventures in the Kingdom of Saudi Arabia. The first JV will be formed between Jindal Saw Holdings FZE, a subsidiary of the company, and Buhur for Investment Company LLC. This venture will focus on setting up a helically spiral welded (HSAW) pipe manufacturing unit. Jindal Saw will hold a 51% stake in the new entity, with an investment commitment of up to $10 million. The expected project timeline is approximately two years.

The second JV in Saudi Arabia will be established with RAX United Industrial Company. This partnership will focus on a ductile iron pipe manufacturing facility, with Jindal Saw again holding a 51% stake. The investment in this project is estimated at up to $3 million, and the facility is projected to be operational within 12 to 18 months.

All the proposed entities will be incorporated in their respective jurisdictions and will operate in the iron and steel segment, consistent with Jindal Saw?s primary business. The company clarified that all transactions involve cash consideration and do not constitute related party transactions. Necessary regulatory and governmental approvals will be obtained where applicable.

Jindal Saw is engaged into manufacturing of iron and steel pipes and pellets. On a consolidated basis, net profit of Jindal Saw declined 42% to Rs 291.28 crore, while net sales declined 6.98% to Rs 5046.59 crore in Q4 March 2025 over Q4 March 2024.

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The Board of Jindal Saw at its meeting held on 09 June 2025 has approved the following investment proposals:

1. To incorporate a step-down subsidiary in United Arab Emirates (?UAE?).

2. To enter into JV agreement between Jindal Saw Holdings FZE (?JSH?), a subsidiary of the Company and BUHUR FOR INVESTMENT COMPANY LLC, KSA (?Buhur?) for incorporating a new Company in Kingdom of Saudi Arabia (KSA).

3. To enter into JV agreement between Jindal Saw Holdings FZE (?JSH?), a subsidiary of the Company and RAX United Industrial Company, KSA (?RAX?) for incorporating a new Company in Kingdom of Saudi Arabia (KSA).

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Jindal Saw announced that the 40th Annual General Meeting(AGM) of the company will be held on 12 June 2025.

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