Jindal Saw Expands in UAE & Saudi Arabia with New Pipe Plants

  Published 10 months ago

Jindal Saw launches UAE subsidiary and two Saudi JVs for pipe manufacturing, investing $118M to boost MENA oil & gas supply.

  • UAE facility: $105M, 300,000 tonne annual capacity, 3-year completion for the oil/gas sector.
  • Saudi HSAW pipe JV: 51% stake, $10M investment, 2-year timeline with Buhur Investment.
  • Ductile iron pipe JV: 51% stake, $3M investment, 12-18 months with RAX United.

You might like these

IndusInd Bank Shares Rise on Positive RBI Outlook

PFC Q1 Profit Jumps 26%, Dividend Declared

Indian Oil Stocks Split as Crude Prices Rise

Vaibhav Global Q2 Profit Soars 71%

Rallis India Q2: Revenue Dip, Export Up

Mphasis Rises on Broker Optimism

Reliance Slips 4% in Two Days

News that matters the most ⚡