Jindal Saw Ltd

About Jindal Saw Ltd Share Price Today

Jindal Saw Ltd is a leading global manufacturer and supplier for the steel industry, producing pipes, fittings, and accessories. The company was incorporated in 1984 and comprises large-diameter submerged arc pipes and spiral pipes in its product portfolio. Jindal Saw Ltd. addresses the requirements of the transport, water, and strength sectors, operating in over 140 countries worldwide. The company is publicly traded on both the National Stock Exchange and the Bombay Stock Exchange. The share price of Jindal Saw on these exchanges serves as a significant indicator of its market performance.

History of Jindal Saw Ltd

• Incorporated on 31st October, 1984, Jindal Saw Ltd has, over time, diversified its product mix and increased its manufacturing facilities to be counted as one of the largest players in the international arena. 
• In 1992, Jindal Saw commissioned its first large-diameter submerged arc tube manufacturing plant at Kosi Kalan, Uttar Pradesh. 
• In 2004, the company added ductile iron pipes to its list of products. Its journey has been characterized by constant innovation and growth, which has helped it rise to the position of industry leader. The current market value of Jindal Saw's shares indicates the company's sustained expansion and stability.

Key Personnel of Jindal Saw Ltd

• Mr. Neeraj Kumar is the CEO of the company.
• Ms. Sminu Jindal is the Director of the firm.
• Mr. Hawa S. Chaudary is the Whole-Time Director.
• Mr. Narendra Mantri is the company’s Chief Financial Officer (CFO).

The efforts of this management team have been vital to the success of the company. Jindal Saw share price BSE has witnessed reasonable appreciation over the years.

Business Segments of Jindal Saw Ltd

Pipe Products: 

Jindal Saw Ltd is a major manufacturer of different kinds of pipes. This segment contains the following products.

• Carbon steel pipes used in infrastructure activities such as oil, gas, and water pipelines.
• Stainless steel pipes for tasks that need both corrosion resistance and the ability to withstand high temperatures.
• Ductile iron pipes are used in water and sewage systems because of their strong and durable nature.

 Steel and Foundry Products:

• Steel Products: Consists of a variety of steel forms like billets and blooms.
• Foundry Products: This entails the manufacture of castings and affiliated items.

 Plumbing and Construction Materials:

• Plumbing Solutions: Items created for use in residential and commercial plumbing systems.
• Construction materials: They involve various materials used in building and construction projects.

Engineering and Project Management: 

This area places emphasis on providing engineering solutions and project management services specifically for infrastructure projects.

The different divisions show the wide range of manufacturing and engineering solutions offered by Jindal Saw Ltd in various industries. They have boosted the company’s revenue along with the Jindal Saw share price NSE.

Subsidiaries of Jindal Saw Ltd

• Jindal Saw (USA) LLC: The firm is involved in manufacturing and providing pipes and related products for the oil and gas sector.
• Jindal Saw (Europe) Ltd: It specializes in producing and providing pipes and pipe fittings within the European market.
• Jindal Saw (India) Ltd: This company manages the main manufacturing plants in India, which produce pipes and provide related services.
• Jindal Saw South Africa (Pty) Ltd: This subsidiary is engaged in supplying pipes and associated products within South Africa.
• Jindal Saw (Nigeria) Ltd: It is involved in manufacturing and distributing pipes for a variety of industrial uses in Nigeria.
• Jindal Saw (Oman) LLC: The company runs pipe production plants and caters to the market in the Middle East.

These affiliated companies are essential to the global activities of Jindal Saw Ltd, broadening its presence in different continents and markets. 

Corporate Actions of Jindal Saw Ltd

Below is a detailed summary of the corporate activities of Jindal Saw Ltd

• Stock Split: Jindal Saw Ltd approved a stock split of its equity shares at a ratio of 1:2 on February 24, 2022. This shows that each current share was split into two parts.
• Dividend Payments: The company declared dividends of ₹1.50 per share for the fiscal year 2021-2022 and ₹2.00 per share for the fiscal year 2022-2023.
• Bonus Issues: On June 26, 2020, Jindal Saw Ltd granted a 1:1 bonus to its shareholders, which equated to one extra share for each share owned.
• Rights Issue: The company announced on March 23, 2020, that it would be issuing equity shares at a 1:1 ratio of ₹70 per share.
• Share Buyback: Jindal Saw Ltd initiated a share repurchase plan on February 10, 2020, aiming to buy back shares worth up to ₹500 crore.
• Reorganisation: On June 30, 2019, Jindal Saw Ltd revamped its debt and financial operations to enhance efficiency and reduce financial strain.
• Mergers & Acquisitions: The company acquired 100% equity of Jindal Saw USA LLC on August 23, 2018, to strengthen its global presence.

These corporate actions have impacted the stock price of Jindal Saw Ltd. You can find the Jindal saw share price today on BlinkX.