Extended payment cycles from government EPC projects
Protracted payment timelines from water infrastructure EPC companies have severely impacted cash flows and operations.
JINDALSAW / Q2-FY26 / risks
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Jindal Saw · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
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Anti-dumping investigation on DI pipes in Saudi Arabia
Saudi Arabia initiated anti-dumping investigation on DI pipe imports from India, which could affect export volumes.
Slow recovery in domestic water sector liquidity
Despite strong order book, execution remains contingent on fund releases from state governments, which may take time.
Execution delays in new Middle East projects
Greenfield projects in Saudi and Abu Dhabi face regulatory and land acquisition delays; no meaningful contribution expected before FY28-29.