Latest news with #JindalSaw
Time of India
6 hours ago
- Business
- Time of India
Jindal Saw enters JV agreement with Buhur in Saudi Arabia
Jindal Saw on Monday approved the incorporation of a step-down subsidiary in the UAE and entered into joint venture (JV) agreements to establish two new companies in Saudi Arabia . The new UAE subsidiary will focus on setting up a pipe manufacturing facility with a capacity of 300,000 tons per annum (TPA) in Abu Dhabi. This facility aims to cater primarily to the oil and gas sector across the MENA region. In Saudi Arabia, Jindal Saw Holdings FZE, a subsidiary of Jindal Saw, has partnered with Buhur for Investment Company LLC to launch a helically spiral welded (HSAW) pipe project. Additionally, a JV with RAX United Industrial Company will establish a ductile iron pipe manufacturing unit, further strengthening the company's footprint in the iron and steel industry in Saudi Arabia. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Doctors Beg: Take These 4 Ingredients Before Bed to Burn Fat Hollywood Today | Health Learn More Undo All necessary government and regulatory approvals will be obtained to ensure smooth project execution, said the company in a statement.
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Business Standard
6 days ago
- Business
- Business Standard
Jindal Saw, Rallis India, Ugro Capital in focus ahead of June 5 ex-date
Jindal Saw, Rallis India, and Ugro Capital will be in focus today as they will trade ex-date tomorrow, June 5, 2025. In light of the recent announcements regarding corporate action such as dividends, bonus issues, and rights issues, drawing attention from investors. It should be noted that the record date and ex-date for the mentioned stocks are the same. Shares trading ex-date for final dividend Jindal Saw has declared a final dividend of ₹2 per share and Rallis India ₹2.5 per share, according to corporate action data on BSE. These dividends will only be paid to shareholders who own the shares before June 5, 2025, which is the ex-dividend and record date for all four companies. A final dividend is the amount given by a company to its shareholders after the end of its financial year, based on its full-year profits, and approved by shareholders at the Annual General Meeting (AGM). Rights issue Ugro Capital has announced a rights issue involving 2,46,51,744 equity shares with a face value of ₹10 each, amounting to a total issue size of ₹400 crore. The issue price is set at ₹162 per fully paid-up equity share (including a premium of ₹152 per share. The entire issue price will be payable at the time of making the application in the issue. Right entitlement ratio is 50 rights equity shares for every 189 shares held by the eligible shareholders of the company, as on the Record Date. A rights issue is a way for a company to raise additional capital by offering new shares to its existing shareholders, usually at a discounted price, in proportion to their current holdings. The ex-date marks the day a stock starts trading without the eligibility for dividends, bonus shares, stock splits, or rights issues. This means that investors who purchase the stock on or after the ex-date will not be entitled to these benefits. To be eligible, an investor must hold the stock before the ex-date. However, the final list of beneficiaries for dividends, stock splits, or rights issues is prepared by the company based on shareholders recorded at the close of the record date.
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Business Standard
02-05-2025
- Business
- Business Standard
Jindal SAW Q4 results: Profit plunges 82% to Rs 87 crore
Jindal Saw on Friday reported an 81.9 per cent decline in consolidated profit after tax (PAT) at Rs 86.9 crore for the March quarter. The company had posted consolidated PAT of Rs 480.4 crore in the year-ago period. The consolidated total income of the company during January-March period dropped 8 per cent to Rs 5,067.5 crore over Rs 5,493.7 crore in the year-ago period, according to a filing to the BSE. The board has approved the re-appointment of Sminu Jindal as Managing Director of the company from February 1, 2026, it said. The company is a manufacturer and supplier of steel pipe products, fittings and accessories with manufacturing facilities in India, the US, Europe, and the UAE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
02-05-2025
- Business
- Business Standard
Jindal Saw consolidated net profit declines 42.00% in the March 2025 quarter
Sales decline 6.98% to Rs 5046.59 crore Net profit of Jindal Saw declined 42.00% to Rs 291.28 crore in the quarter ended March 2025 as against Rs 502.18 crore during the previous quarter ended March 2024. Sales declined 6.98% to Rs 5046.59 crore in the quarter ended March 2025 as against Rs 5425.16 crore during the previous quarter ended March 2024. For the full year,net profit rose 3.66% to Rs 1738.37 crore in the year ended March 2025 as against Rs 1677.03 crore during the previous year ended March 2024. Sales declined 0.61% to Rs 20828.89 crore in the year ended March 2025 as against Rs 20957.69 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 5046.595425.16 -7 20828.8920957.69 -1 OPM % 14.5916.96 - 16.4615.84 - PBDT 625.13815.12 -23 2951.022783.66 6 PBT 472.51666.51 -29 2348.962215.67 6 NP 291.28502.18 -42 1738.371677.03 4
