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India's Jindal SAW reported a rise in second-quarter profit on Friday, as demand in its key Middle East and North Africa (MENA) markets remained steady while expenses came in nearly flat. The company, which makes steel pipes for the energy, transportation and water sectors, said its consolidated profit after tax grew 32.5% to 5 billion rupees ($59.5 million) in the three months ended Sept 30. KEY CONTEXT Jindal SAW's quarterly raw materials expenses dropped 14.4% from a year ...
India`s Jindal SAW posts 32.5% jump in Q2 profit
India's Jindal SAW on Tuesday reported an over twofold growth in its third-quarter profit, as demand in the Middle East and North Africa (MENA) region remained steady and its order book grew. The company posted a consolidated profit after tax of 5.32 billion rupees ($64.1 million) for the quarter ended Dec. 31, 2023 from 2.14 billion rupees a year ago. The company, which makes pipes for the energy, transportation and water sectors, said its order book for iron & steel pipe...
India`s Jindal SAW posts twofold growth in Q3 profit; order book swells
Selling is being witnessed in small cap stocks with the indices falling more than the benchmark indices on Wednesday. BSE Small Cap Select Index is down 1 per cent in trade. Among the constituents of the index, Sonata Software is down 5 per cent, Suzlon is down 5 per cent, KPIT Tech is down more than 4 per cent, JSL is down more than 4 per cent, Fortis is down 2 per cent. BSE Small Cap Index is also down 0.33 per cent. Apollo Micro Systems is down 5 per cent, Orient Green Power is down ...
Small cap stocks come under selling pressure
Jindal Hunting Energy Services Limited, a joint venture between Jindal SAW Ltd and Hunting Energy Services, on Monday announced the grand opening of their facility collocated at the tube facility of Jindal SAW Ltd in Nashik.The newly-launched facility stands as the inaugural and presently the sole facility capable of producing and supplying pipes, tubes, and premium connections to the OCTG market.Thus far, all these products had to be imported from other countries, putting a strain on the for...
Jindal Hunting Energy unveils state-of-the-art facility in Nashik
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