Clarification28 Apr 2026, 06:01 pm
Jindal Saw corrects KSA plant approval date to June 9, 2025
AI Summary
Jindal Saw Ltd has issued a clarification regarding its previous intimation dated April 27, 2026. The company corrected an inadvertently stated date concerning the Board's approval for setting up an additional LSAW facility plant in KSA. The correct approval date for the plant, which is being established through its joint venture Jindal Saw & Buhur Altavision Co. to address increased demand for pipes, should be read as June 9, 2025, instead of the previously mentioned June 9, 2026.
Key Highlights
- Jindal Saw corrected an error in a prior regulatory filing.
- The correction pertains to the approval date for a new KSA plant.
- The board approval date is now June 9, 2025, not June 9, 2026.
- The plant is for LSAW pipes via a joint venture in KSA.
Price Impact
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