India's Jindal Saw leaps on Middle East expansion plans

Jindal Saw

10/06/2025 05:41

** Jindal Saw shares JIND.NS surge 9% to 253 rupees

** Iron & steel pipes maker says it plans to set up a $105 mln pipe-making facility in Abu Dhabi and two JV projects, totaling $13 mln, in Saudi Arabia

** Trading volume nearly 15 mln shares, more than 7x 30-day avg

** YTD, stock down 13%, including day's move

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))