Jindal Saw

What Jindal Saw does

Jindal SAW Limited (NSE/BSE: JINDALSAW), founded in 1984 by Mr. P.R. Jindal under the O.P. Jindal Group, is a publicly listed Indian multinational manufacturer of iron and steel pipes, tubes, ductile iron pipes, and iron ore pellets. The company operates 16 state-of-the-art manufacturing facilities across India and overseas, including owned plants in Bhilwara (Rajasthan) for pellets and mining, Samaghogha, Nashik, Tembhurni, and Haryana, as well as international facilities in Abu Dhabi (Jindal SAW Gulf LLC, the largest integrated ductile iron pipe facility in the Middle East at 350,000 MTPA), Baytown, Texas and Bay St. Louis, Mississippi (HFERW and HSAW pipe manufacturing), and Minneapolis, Minnesota. Its product portfolio spans seamless pipes, ductile iron pipes up to 2,200 mm diameter, HSAW/HFERW line pipes up to 107 inches, premium connection OCTG through the Jindal Hunting Energy Services joint venture, stainless steel strips and foils via Jindal Metals & Alloys Limited, and iron ore pellets upgraded from low-grade 25% Fe magnetite to 67%+ Fe concentrate at 1.65 MTPA capacity.

The business model is B2B industrial with project-based revenue: direct sales and tender participation targeting global oil and gas majors (via API-monogram-certified products), government water utilities for domestic programs such as Jal Jeevan Mission, and infrastructure developers across MENA, Europe, and North America. Revenue streams are dominated by hardware sales of pipes and tubes, supplemented by pellet sales, value-added pipe coatings and threading services, inland barge logistics through Jindal ITF Limited, and premium OCTG via the Hunting joint venture. Pricing is contract-driven and not publicly disclosed. The go-to-market is primarily enterprise field sales augmented by regional subsidiaries in the UAE and the USA, with industry events and trade publications supporting top-of-funnel visibility.

FY2026 consolidated revenue from operations was ₹17,895.17 crore (down 14.08% YoY) with net profit of ₹973.35 crore (down 44.01% YoY), reflecting MENA region conflict disruption to the Abu Dhabi operations and a February 2026 API Monogram suspension that was fully reversed in June 2026. The order book reached an all-time high at approximately 1.4x trailing volumes and a multi-billion-dirham GCC manufacturing expansion was announced, with operations targeted to begin February 2028 across Abu Dhabi and Saudi Arabia.

Name

Jindal Saw

Legal name

Jindal SAW Limited

Website

https://jindalsaw.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

10,001+ employees

Short description

Jindal SAW Limited is an Indian multinational manufacturer of iron and steel pipes, ductile iron pipes, iron ore pellets, and premium OCTG, operating 16 facilities across India, the UAE, and the USA. It serves global oil and gas majors, government water utilities, and MENA infrastructure developers via project-based B2B contracts.

Ownership category

akta.pro rank

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Iron & Steel Pipes and Tubes: Manufacturing and supply of comprehensive range of iron and steel pipes and tubes including ductile iron pipes, seamless pipes, HSAW/HFERW pipes for oil & gas, water transmission, and infrastructure applications. Core revenue driver with global exports to 40+ countries.
2. Pellets & Mining: Iron ore pellet production with 1.65 MTPA capacity from Bhilwara plant, processing low-grade magnetite iron ore. Produces multiple grade variants in 6mm-16mm size range.
3. Premium Connection OCTG: Joint venture with Hunting Energy Services providing premium connection casing and tubing for oil and gas applications.
4. Pipe Coatings and Processing: Value-added services including external and internal pipe coatings (3LPE, LPP, FBE, ARO, CTE), heat treatment, and threading services.
5. Barge Transportation: Through Jindal ITF Limited subsidiary, operating fleet of 25 barges for inland waterway logistics along Indo-Bangladesh Protocol Routes, transporting fly ash, rice, coal, and bulk commodities.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Jindal SAW Limited manufactures and supplies an extensive range of iron and steel pipes and tubes, including ductile iron (DI) pipes, seamless pipes, HFERW pipes, HSAW pipes, and stainless steel large-diameter pipes, for oil & gas, water transmission, and infrastructure applications. The company also produces iron ore pellets (1.65 MTPA capacity at Bhilwara) by upgrading low-grade magnetite ore, and offers value-added pipe coatings, threading, and heat treatment services through 16 manufacturing facilities across India, UAE, USA, and other markets.

Product overview

Jindal SAW Limited is a multinational pipe and tube manufacturing company offering a diversified portfolio of iron and steel pipes, tubes, and pellets. The core product portfolio includes Pipes & Tubes (encompassing seamless pipes, ductile iron pipes, HFERW pipes, and stainless steel large-diameter pipes), Pellets & Mining operations, and Premium Connection OCTG products through its joint venture Jindal Hunting Energy Services. The company operates through subsidiaries including Jindal SAW Gulf LLC (DI pipes in Abu Dhabi), Jindal Pipe USA Inc. (HFERW pipes in Texas), Jindal Metals & Alloys Limited (stainless steel strips), and Jindal ITF Limited (barge transportation). With 16 state-of-the-art manufacturing facilities in India and overseas, the company serves the oil and gas, water infrastructure, and mining sectors globally.

Differentiator

Problem solved

Functional benefit

Products and services

• Pipes & Tubes

Quantifiable outcome

• Energy consumption 60% lower than national average for pellet production (140,000 kcals/ton vs average)
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• KEZAD Group (AD Ports Group)coreStrategic or Co-development Partner · 21 November 2025KEZAD Group, a subsidiary of AD Ports Group, signed land lease agreements worth over Dhs1.1 billion with Jindal SAW Group to develop manufacturing facilities in Abu Dhabi. Jindal SAW Gulf LLC operates the largest integrated ductile iron pipe manufacturing facility in the Middle East at this location.
• Foundation for Accessible Aquanir and Sanitation (FAAS-India)minorStrategic or Co-development Partner · 1 January 2019Svayam, the CSR arm of Jindal SAW, partnered with FAAS-India (Water.org India wing) for the Accessible Family Toilet Project. Implemented across 14 states and 138 districts through 24,500 Self Help Groups, impacting approximately 1.5 crore individuals.
• Hunting Energy Services Pte. Ltd.coreStrategic or Co-development PartnerJoint venture between Jindal SAW Limited and Hunting Energy Services Pte. Ltd. to form Jindal Hunting Energy Services Ltd (JHESL). Combines world-class manufacturing with Hunting's patented premium connection technologies for oilfield OCTG solutions. Licensed for API Spec Q1, ISO 9001:2015, API Spec 5CT & 5B Monogram.

Scale indicators12 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• APL Apollo Tubes: India's largest structural steel tube manufacturer producing ERW pipes and tubes; competes with Jindal SAW in domestic Indian pipe markets, particularly for construction and infrastructure applications.
• Tenaris: Global leader in seamless and welded pipes for oil & gas with premium OCTG connections; directly comparable as a multinational pipe manufacturer serving global oil & gas majors with API-certified products and premium connection technologies.
• Surya Roshni: Indian manufacturer of steel pipes and tubes (ERW, GI, API-grade) along with lighting products; directly comparable in domestic pipe manufacturing for water, oil & gas, and structural applications across India.
• Vallourec: French-domiciled global leader in premium OCTG and line pipe solutions for the oil & gas industry; competes head-to-head with Jindal SAW in seamless pipes and premium connections, with overlapping customer base among international oilfield operators.
• Borusan Mannesmann: Major European-based manufacturer of steel pipes including HSAW, LSAW, and ERW for energy and infrastructure; competes with Jindal SAW in international tenders, particularly for pipeline projects in MENA and Europe.
• Welspun Corp: India's largest line pipe manufacturer producing HSAW, LSAW, and ERW pipes for oil & gas and water; directly comparable in product portfolio, customer base (oil majors, water utilities), and export orientation toward MENA and the Middle East.
• Jindal Steel & Power: Sister company within the O.P. Jindal Group producing steel plates, rails, and structural products; overlaps in raw steel and plates feeding pipe manufacturing and competes in Indian infrastructure markets.

Emerging players

• Tubacex: Spanish manufacturer specializing in seamless stainless steel tubes and high-nickel alloy pipes; comparable to Jindal SAW's Samaghogha large-diameter stainless capability and overlaps in premium industrial pipe segments.

Broad incumbents

• Tata Steel: Integrated Indian steelmaker producing tubes and pipes as part of a broad portfolio; competes with Jindal SAW in DI pipes for water infrastructure and offers overlapping large-diameter capabilities, though steelmaking is its primary focus.
• Steel Authority of India Limited (SAIL): India's largest state-owned integrated steelmaker; supplies pipes and tubes for domestic infrastructure and oil & gas projects, overlapping with Jindal SAW on the Indian side while competing as a broad incumbent in steel inputs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/JindalSAWLtd

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jindal Saw