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Jindal Saw Ltd.

BSE: 500378 Sector: Metals & Mining
NSE: JINDALSAW ISIN Code: INE324A01024
BSE 00:00 | 20 May 92.60 9.40
(11.30%)
OPEN

84.85

HIGH

95.75

LOW

84.45

NSE 00:00 | 20 May 92.75 9.65
(11.61%)
OPEN

84.40

HIGH

95.90

LOW

84.40

OPEN 84.85
PREVIOUS CLOSE 83.20
VOLUME 350272
52-Week high 147.65
52-Week low 77.60
P/E 6.34
Mkt Cap.(Rs cr) 2,961
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 84.85
CLOSE 83.20
VOLUME 350272
52-Week high 147.65
52-Week low 77.60
P/E 6.34
Mkt Cap.(Rs cr) 2,961
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Jindal Saw Ltd. (JINDALSAW) - Chairman Speech

Company chairman speech

Dear Friends

The root of resilience is HOPE.

With immense satisfaction I am happy to share with you all that JindalSAW Ltd. has dealt with the second wave of the COVID-19 pandemic with resilience andemerged stronger.

All our units have been operational through this period with minimaldisruptions and we have kept the business wheels in motion while dealing with the healthcrisis that has been more severe than the first wave last year. The 'Business ContinuityPlan'(BCP) and the other initiatives rolled out during the first wave came handy andprepared us better to deal with the second wave. We improved our response system bysetting up oxygen plants at three of our main facilities in three states of India. Thisinitiative helped us to provide a sustainable supply of oxygen to the hospitals andcommunities in the vicinity of our units during their time of need. We have alsoundertaken mass vaccination drives to vaccinate our entire workforce along with theirfamilies across the country to keep them safe and healthy.

During the second wave the government allowed economic activities tocontinue with partial lockdowns set by the respective states. This slowed down ourmomentum and would definitely impact the performance of the first quarter of the financialyear 2021-22 albeit to a lesser extent.

Looking at the last quarter's performance for the Financial Year2020-21 we feel confident that our company has grown from strength to strength and hasemerged stronger from the first wave of the pandemic. That quarter's performance was oneof the best ever. This is a firm indicator of the company being at a 'Point ofInflection' ready to demonstrate improved performance as soon as we are able to get afirm grasp on our situation during the pandemic.

The government continues to remain focused on the Atmanirbhar Bharatinitiative and its emphasis on investment in infrastructure and development. This providesa boost to the overall demand of basic commodities and with the interest rates kept withina reasonable band would also provide liquidity in the system to keep the Indian economyprogressing further. The Jal Jeevan Mission has also gained momentum where now most ofthe states and union territories have planned their water grid systems and are in theprocess of rolling out the pipe network across the states to ensure water supply inhomes within a defined timeline. These initiatives of the government make us hopeful of arobust and steady demand of our products once the economy opens up and the pandemic showsa decline. The effort to vaccinate most of India over the next six months would also helpin containing the future waves of COVID-19.

We have been gearing ourselves to consolidate and further ourleadership position with an all-round emphasis on all our businesses. We intend to mergeour Stainless business Dl fittings business and another HSAW unit with the companyJindal SAW Limited for a unified structure with better synergies. Our partnership withHunting is becoming stronger and we are working together to develop a more diverse productrange at one of our units. These initiatives would help improve product developmentleading to deeper market penetration and diversification as we emerge as a frontlineproduct and service provider to our esteemed clients across the globe.

We emphasise diversifying our product range deepening our value-addedcapabilities preparing to enter high value markets while remaining focused on our corecompetencies.

Other areas of focus are a balanced capital structure building onrelationships with investors and other stakeholders and maintaining our good governancepractices.

Svayam the company's CSR initiative continues to focus on thedevelopment and upliftment of an important section of society which is differently-abledand needs support to lead a normal and comfortable life.

Our Human Resources which have been one of the most valuable assetsthat we have always maintained and cherished deserve a special mention andacknowledgement. During the stressful period of the COVID-19 pandemic they have kept themotivation level high for themselves their families and all around them. Each one ofthem has demonstrated an exemplary resilience and stayed focused on the purpose at hand. Iapplaud the courage and performance of all my colleagues at all levels during thesedifficult times.

We would like to express our gratitude to all the governmentauthorities at the central state and local levels other stakeholders business partnersclients vendors banks and financial institutions rating agencies and all associatedwith us for their continued support even during the difficult times.

We are confident of our preparedness to emerge stronger and integratebetter with the markets in India and abroad to remain a market leader as and when thecountry and the world bounces back and the economy gets back on track.

JaiHind!

Prithavi Raj Jindal

Chairman (Non-Executive Director)

.