JTL Industries Expands GI Plant, Boosting Capacity by 5,000 MT per Quarter

JTL Industries Limited has proudly announced the successful expansion of its Galvanized Iron (GI) plant located in Mangaon, Maharashtra. This strategic development marks a significant milestone for the company, enhancing its production capabilities with an additional 5,000 metric tons (MT) of capacity per quarter.

The new facility represents a robust implementation of JTL Industries’ strategy to increase its share of Value-Added Products (VAP). This expansion aligns with the company’s vision of growing its market presence and serving a broader customer base with high-quality products. The enhancement of the plant’s production capacity will not only meet the increasing demand but also strengthen the company’s competitive edge in the industry.

Management at JTL Industries expressed their enthusiasm about the development, stating, “We are thrilled to announce the successful commissioning of our Galvanized Iron (GI) plant in Mangaon, Maharashtra, representing a significant milestone in our growth journey. This expansion will increase our production capacity by 5,000 MT per quarter, allowing us to better serve a broader customer base and enhance our market presence.” 

They also said, “Moreover, it is a crucial step towards achieving our Value-Added Product (VAP) share of 40%-42% this year, especially with the anticipated introduction of Direct Forming Technology (DFT) in the second half of the year, which is currently being installed. This technological advancement will further enhance our product offerings and solidify our market position.”

They further added that this newly expanded facility is equipped with state-of-the-art technology, reflecting JTL Industries’ commitment to scaling operations while maintaining high standards of efficiency and sustainability. The commissioning of the new plant underscores the company’s confidence in the sector’s growth prospects and its dedication to delivering exceptional value to customers and stakeholders.

About JTL Industries Limited

JTL Industries, headquartered in Chandigarh, is among the fastest-growing steel tube manufacturers in India. With manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh, the company boasts a cumulative capacity of 5,86,000 MTPA for steel pipes, with ~3,00,000 MTPA dedicated to backward integration. 

On September 10, 2024, the share price of JTL Industries Ltd opened at ₹231.10, touching the day’s high at ₹235.99, as of 11:07 AM on the NSE.

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