Jindal Saw Limited has been taking all recommended precautions in its operations against the spread of COVID-19, which includes sanitization and hygiene, temperature checks, maximizing video-conferencing and minimizing contact, closing employee travel, health and social distancing advisories to employees and following all government directions on the subject.
As a precautionary step, the Government policy now requires scale down of production and accordingly the company has taken a decision to scale down the production.
The Company will scale down its office operations at Delhi and scale down production facilities at Nashik, Nagothane - Maharashtra, Mundra – Gujarat, Indore - Madhya Pradesh and Bhilwara – Rajasthan with immediate effect till further notice.
The company has promulgated BCP which includes working from home using technologies for connectivity and communication.
The duration of this scale down will depend on the Government regulation and the ground reality.
Shares of JINDAL SAW LTD. was last trading in BSE at Rs.46 as compared to the previous close of Rs. 53. The total number of shares traded during the day was 60140 in over 734 trades.
The stock hit an intraday high of Rs. 53 and intraday low of 44.35. The net turnover during the day was Rs. 2829031.