Jindal Saw has received an approval for issuance of listed, secured, taxable, redeemable, non-convertible debentures (Debentures), in one or more tranches, aggregating up to Rs 1,000 crore on private placement basis to the investors to be identified through Electronic E-biding Platform (EBP) and for the proposal of winding up of Jindal International FZE (UAE), a step down subsidiary of the Company which is dormant since its incorporation. The Board of Directors in their meeting held on January 11, 2021, approved the same.
Jindal Saw is a leading global manufacturer and supplier of Iron & Steel pipes and pellets having manufacturing facilities in India. Its products have application in oil and gas exploration, transportation, power generation, supply of water for drinking, drainage, irrigation purposes and other industrial applications.
