19 Feb 2026 | 3 Mins Read
Jindal Saw stock down 4% on API licence suspension
Flipitmoney
Jindal Saw shares declined over 3% after the company's API license for seamless pipes was suspended due to non-conformances identified during an American Petroleum Institute (API) audit. The suspension restricts the use of the API monogram and may affect oil and gas sales, but the company believes the financial impact will be minimal.