Business Update27 Apr 2026, 06:13 pm
Jindal Saw to Set Up Additional LSAW Plant in Saudi Arabia
AI Summary
Jindal Saw Ltd's board approved setting up an additional plant in the Kingdom of Saudi Arabia (KSA) for LSAW facility. This expansion aims to address the increased demand for pipes through its joint venture, Jindal Saw & Buhur Altavision Co. This follows an earlier approved investment to incorporate a new company in KSA for a Helically Spiral welded (HSAW) pipe project. The board meeting was held on April 27, 2026, from 02:00 p.m. to 05:40 p.m.
Key Highlights
- Jindal Saw to establish an additional LSAW plant in Saudi Arabia.
- The plant will operate through the Jindal Saw & Buhur Altavision Co. joint venture.
- This expansion addresses increased pipe demand in the region.
- The decision was made during the board meeting on April 27, 2026.
- This follows a prior investment in an HSAW pipe project in KSA.