Jindal Saw Limited's API Licenses Reinstated, Authorizing Use of Monogram on Seamless Pipes
Jindal Saw Limited has successfully demonstrated all necessary corrective and preventive measures to the American Petroleum Institute (API), leading to the full reinstatement of its API licenses. Consequently, the company is now authorized to affix the API Monogram on its seamless pipes, a development critical to its global business operations.The reinstatement of these licenses was confirmed by the American Petroleum Institute and became effective from June 24, 2026. This outcome follows Jindal Saw Limited's commitment to addressing prior requirements, allowing it to resume certified manufacturing activities for seamless pipes.
The significance of the API Monogram is directly linked to the company’s ability to operate in key global markets. The use of the monogram enables Jindal Saw Limited to resume the manufacture and supply of certified seamless pipes to major oil and gas companies globally, participate in tenders, and thereby safeguard its core revenue streams.
Key details regarding the license reinstatement are as follows:
| Particulars | Details |
|---|---|
| Regulatory Authority | American Petroleum Institute (API) |
| Status of License | Reinstatement for seamless pipe facility |
| Effective Date | June 24, 2026 |
| Validity Period | Till June 24, 2029 |
| Business Impact | Enables the company to supply certified seamless pipes to global oil and gas majors and participate in tenders. |
JINDALSAW Stock Price Movement
Shares of Jindal Saw Limited are edging higher to ₹258.27 as of 3:09 PM, climbing 0.07% in live trading after gaining ₹0.19 in absolute terms. The equity has witnessed brisk activity during the session, having seen a total traded volume of 1.37 million shares so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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