Jindal Saw Limited

SBI Life Insurance initiated a new position in Jindal Saw Limited, acquiring 8,490,595 shares, representing a 1.33% stake. The investment is valued at ₹228.69 crore, based on a share price of ₹269.45.

A leading manufacturer of steel pipes and pellets, Jindal Saw produces LSAW pipes, HSAW pipes, DI pipes, and seamless pipes for infrastructure, oil and gas, and water distribution sectors. The company operates integrated production facilities across multiple locations and serves both domestic and international markets with consistent quality. Its vertically integrated operations, manufacturing expertise, and focus on product quality distinguish it in the competitive steel pipes industry.

Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.