Jindal Saw Limited informs that on August 21, 2018, US Department of Commerce has imposed Anti Dumping Duty on imports of Large Diameter Welded Pipes from Canada, China, Greece, Korea, Turkey and India. The Anti Dumping Duty in respect of import of Large Diameter Welded Pipes from India has been fixed at 50.55%.

Effect of above on the Company

Jindal Saw is not currently exporting Large Diameter Pipes to US and hence the Anti Dumping Duty imposed would not have any direct impact on the business.