JTL Industries Completes Phase 1 Expansion at Nabha Steels and Metals

On June 3, 2024, JTL Industries Limited (JTL) announced in a stock exchange filing the completion of Phase 1 of expansion at its recently acquired subsidiary, Nabha Steels and Metals.

The company stated their significant milestones in completing its capex plans for its subsidiary, Nabha Steels and Metals. Phase 1 of the expansion has been completed, enabling the production of 5,000 metric tons per month of HR coils, the raw material for ERW steel pipes.

Additionally, the second phase of the expansion is expected to commence shortly, further increasing production output and diversifying the product portfolio. They added that this expansion would enhance JTL Industries’ total backward integration capacity, support the captive requirements of their Mandi Gobindgarh Punjab plant, and help EBITDA/Ton at Mandi Gobindgarh Punjab plant by ₹2,000 per ton range.

Speaking of this significant development, the management team of JTL said, “We are excited to share our strategic milestone of completing the first expansion phase at Nabha Steels & Metals in Mandi Gobindgarh, Punjab. This expansion represents a significant milestone in our strategic plan, emphasising our dedication to strengthening our market presence and achieving sustainable growth. It signifies an essential stride in our continuous commitment to evolving into a comprehensive building materials solutions provider. The current expansion is an advanced enhancement of capabilities, considering it can produce billets from scrap metal.”

They also stated that this enhanced integration improves operational efficiency and will help the company achieve better margins while maintaining its steadfast dedication to quality. Additionally, the plant expands JTL’s product portfolio, particularly with steel products such as coils and billets. This diversification enhances their ability to meet the evolving needs of their clients, providing a broader range of solutions.

They further added, “We are excited about the possibilities these achievements unlock for our company. With a strengthened financial foundation and enhanced manufacturing capabilities, we are well positioned to pursue new avenues of growth and innovation, driving sustained value creation for all our stakeholders.”

About JTL Industries Limited 

JTL Industries Limited is one of the fastest-growing steel tube manufacturers. With its registered office in Chandigarh, the company operates manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh. It boasts a cumulative capacity of 7,50,000 MTPA.

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