
Regulatory25 Jun 2026, 02:32 pm
Jindal Saw Ltd: API Licenses Reinstated by American Petroleum Institute
AI Summary
Jindal Saw Ltd announced the successful reinstatement of all its API licenses by the American Petroleum Institute (API). This follows the company's demonstration of effective corrective and preventive measures addressing previous non-conformities (NCs) to API's satisfaction. The reinstatement allows Jindal Saw to affix the API Monogram on its seamless pipes, enabling the manufacture and supply of certified products to global oil and gas majors. This is crucial for participating in tenders and safeguarding core revenue streams. The licenses are valid until June 24, 2029.
Key Highlights
- API licenses for seamless pipes reinstated by American Petroleum Institute.
- Company demonstrated satisfactory corrective actions to API.
- Enables affixing API Monogram on seamless pipes.
- Crucial for supplying certified pipes to oil and gas majors.
- Licenses valid until June 24, 2029.
Price Impact
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