Jindal Saw : Notice of Investor Analyst Call – 18th May, 2023

Jindal Saw Limited

Q4 FY23 Earnings Conference Call on

Thursday, May 18, 2023 at 5:00 PM IST

New Delhi, May 11, 2023

Jindal Saw Limited, a leading global manufacturer and supplier of Iron & Steel pipe products and accessories with manufacturing facilities in India, USA, Europe and UAE (MENA), will organize a conference call on Thursday, May 18, 2023 at 5:00 PM IST for analysts and investors to discuss the Q4 FY23 results. Jindal Saw will be represented by:

Mr. Neeraj Kumar - Group CEO and Whole Time Director

Mr. Vinay Gupta - President and Head Treasury

Mr. Narendra Mantri - President, Head Commercial & CFO

The call will open with key comments from the senior management team, followed by an interactive Question & Answer session. This call will be hosted by Phillip Capital (India) Private Limited.

Details of the conference call are as follows:

-ENDS-

About Jindal Saw Limited:

Jindal Saw (NSE - JINDALSAW, BSE - 500378) has a business model that is well diversified in terms of strategic locations, markets, products, industries and customers. The business model is designed to create a hedge against simultaneous risks and adverse macros, which allows it to operate and perform in difficult economic and geopolitical circumstances. The Company's domestic and exports markets are well balanced, and its businesses operate through four strategic business divisions including SAW Pipes, DI Pipes & Fittings, Seamless Pipes & Tubes and Mining & Pellets.

JSAW has geographically diversified operations spread across Kosi Kalan (Uttar Pradesh), Mundra (Gujarat), Nashik (Maharashtra), Indore (Madhya Pradesh) and Bellary, (Karnataka). The Company has further increased its presence in Bhilwara (Rajasthan), where, apart from having low grade iron ore mine, it has also implemented an iron ore beneficiation and a pellet plant.

JSAW has a healthy product portfolio with presence across major segments of the pipe industry viz. LSAW pipes, HSAW pipes, DI pipes, seamless pipes & tubes, anti-corrosion coated pipes, hot-pulled induction bends etc. The Company's revenue is well balanced across various products with no single product contributing more than 30% to revenue. Most of the products contribute between 10% to ~30% of total revenue, thus providing diversification to cash flows and mitigation against market volatility related to any single product.

JSAW has strong presence in the overseas market and most of the exports take place with Latin American countries and MENA region. ~50% of the Company' revenues come from the water supply and sanitation (WSS) which is growing rapidly in India and globally. The Company's exposure to Oil & Gas sector accounts for only one third of the total revenue. Due to its diversified portfolio, the Company has been able to protect itself from the volatility in the Oil & Gas sector. JSAW has Government as well as private sector clients in sectors and have strong domestic and international presence across various segments of pipes.

For more information, please visit www.jindalsaw.comOR contact:

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Disclaimer:Certain statements that may be made or discussed at the conference call may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Jindal Saw Limited will not be in any way responsible for any action taken based on such statements and discussions and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.