Jindal Saw Limited

Mining
BSE: 500378
India

JSL attended the Iranian Steel Pipe & Tube Conference (the “Conference”) held in Tehran on May 24-25, 2016. (MetalBulletin Events, “Iranian Steel Pipe & Tube Conference”). The Conference purported to offer “a unique opportunity to gain crucial insight into the Iranian market and the networking with leading Iranian companies is not to be missed.”

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JSL has maintained a constant presence in Iran since at least 2009. Between 2004 and 2011, Iran, the UAE, Qatar, Syria and “other gulf countries” comprised 15% of JSL’s total sales. (JSL website, “Milestones,”).

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Vishal Steel and Hi-Tech Metal and Tubes identify themselves as distributers of JSL stainless steel pipes in Iran. (Vishal Steel website, “Jindal Steel,”; Hi-Tech Metal and Tubes website, “Hitech Pipes & Tubes is Leading Exporters of Jindal Saw Pipes Tubes,”).

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In 2011, a company spokesman explained that “its [overseas] business is mainly spread in Iran, Iraq and Saudi Arabia.” (Reuters, “Jindal Saw to buy logistic firm to ramp up scale,” 3/22/2011).

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