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API Suspends Jindal Saw Licence Over Audit Failures
18 Feb
Summary
- API licence for Jindal Saw's seamless pipes suspended due to audit issues.
- Company cannot use API monogram on seamless pipes until resolution.
- Financial impact may not be material as capacity is reallocated.
Jindal Saw Limited has had its API licence for seamless pipes suspended by the American Petroleum Institute due to identified audit non-conformances. This action prohibits the company from affixing the API monogram to its seamless pipes, a mark essential for demonstrating compliance with global oil and gas industry standards.
The suspension, effective immediately, means that any pipes manufactured and marked after the suspension notice cannot claim API compliance. This development could affect Jindal Saw's ability to serve clients in the energy sector who mandate API-certified products. The company's licence was valid until April 6, 2026.
Despite the suspension, Jindal Saw stated that the financial impact is not expected to be material. They have reallocated their seamless pipe manufacturing capacity to other products while working to resolve the non-conformances with API. The company is implementing corrective measures and will provide updates on the situation.
