Jindal Saw Ltd News
Jindal Saw climbs 8% after acquiring stake in renewable power generation co
Shares of Jindal Saw rallied up to 7.73 per cent at 333.05 per share on the BSE in Wednesday's intraday deals
 "Jindal Saw climbs 8% after acquiring stake in renewable power generation co")
Jindal Saw to acquire 31.2% stake in ReNew Green Energy for undisclosed sum
Jindal Saw on Tuesday said it has inked a pact to acquire 31.20 per cent equity in ReNew Green Energy. However, the company did not divulge the financial details of this equity acquisition. In a filing, Jindal Saw said, "It has entered into a share purchase agreement with ReNew Green Energy Solutions Private Limited (RGES) to acquire shareholding up to 31.20 per cent equity share capital in ReNew Green MHH One Private Limited (RGMHH), which resulted RGMHH as an associate of the company". The acquisition is with an objective to procure electricity at a concessional rate, the company said. Jindal Saw further said it aims to complete the acquisition by May 31, 2025, or any other date as may be mutually decided between the parties. It is a manufacturer and supplier of steel pipe products, fittings and accessories with manufacturing facilities in India, the US, Europe and the UAE.
 "Jindal Saw to acquire 31.2% stake in ReNew Green Energy for undisclosed sum")
Jindal SAW Q2FY25 results: Net profit rises 32.5% to Rs 500 crore
The company's quarterly raw materials expenses dropped 14.4% from a year ago
 "Jindal SAW Q2FY25 results: Net profit rises 32.5% to Rs 500 crore")
