Connect with us










News

JTL Industries lists on NSE; aims to enhance capacity to 2 mn MTPA by FY27

June 12, 2023: Manufacturer and exporter of various steel tubes and pipes including value-added products and commercial grade products, JTL Industries Limited, listed on the National Stock Exchange (NSE). Present on the occasion were: Mr. Madan Mohan Singla, Managing Director; Mr. Mithan Lal Singla, Non–Executive Director; Mr. Rakesh Garg, Executive Director; Mr. Pranav Singla, Executive Director; Mr. Dhruv Singla, Executive Director & CFO; Mrs. Pavni Singla, Chief Strategy Officer; along with marquee customers, investors, well-wishers and employees.

JTL Industries Limited aims to increase its manufacturing capacity to 20 lakhs MTPA by FY27 from a total manufacturing capacity of 5.86 lakhs MTPA across four state-of-the-art facilities located in Punjab, Maharashtra and Chhattisgarh. The Company serves industry sectors such as Construction & Building Materials, Core Infrastructure, Energy and Engineering, Heavy Vehicles, Agriculture, Water & Gas distribution, and Solar Projects.

A total amount of Rs. 384 crores will be raised via preferential allotment of up to 1,28,08,350 fully convertible warrants of the face value of Rs. 2/- each. The funds raised will boost the current planned capacity expansion of the company. The amount of Rs. 98 crores out of Rs. 384 crores has already been received. The rest is expected to be received by September 2024.

Madan Mohan Singla, Managing Director, JTL Industries Ltd., said, “Listing on the NSE is another significant milestone in our 3-decades-old corporate journey. JTL Industries continues to move forward on our mission to grow sustainably and enhance shareholder value through the continuous support of our stakeholders. We are aiming to increase its contribution of Value-Added products to over 50% of the total sales mix over the next 2 years. We plan to deploy DFT in our plants which will facilitate the production of various sizes of hollow sections without roll change, increasing efficiency and capacity utilization and adding additional SKUs.”

Pranav Singla, Executive Director, JTL Industries Ltd., said, “JTL commenced commercial production of 36,000 MTPA at its Mandi plant, Punjab. The expanded capacity is dedicated towards manufacturing value-added products. The amalgamation between JTL and Chetan Industries Limited has been completed. This will aid us to become a stronger and dominant player in India by increasing our market share and penetration. This will double the number of dealers and distributors. This will enhance our manufacturing capabilities by 1,00,000 MTPA out of which 50% will be focused on producing value-added products. Now, all 4 plants have galvanizing facilities, hence the value-added product mix will further keep increasing as a trend.  This is in line with our future growth target of reaching 20 lakh MTPA capacity.” 

Dhruv Singla, Executive Director & CFO, JTL Industries Ltd., said, “During Q4 FY23 and FY23, we at JTL Industries Ltd. recorded our highest ever quarterly and yearly sales volume that aided us in healthy revenue growth and profitability. Revenue is expected to grow by 30-35% from FY23 to FY24 led by increasing sales volume, and greater contribution of value-added products in the sales mix. EBITDA for FY24 is expected to stay within similar lines as witnessed in FY23.”

Latest News

News13 hours ago

Central Park’s Bignonia Towers in Sohna Achieves Rs 500cr Sales Bookings 

New Delhi, 14th June 2024: Bignonia Towers by Central Park in in Sohna has recorded sales bookings of Rs 500...

News13 hours ago

Author Ashwinder R. Singh Launches His Third Book, “Master Commercial Real Estate”

June 14, 2024: Ashwinder R. Singh, acclaimed for his insightful contributions to real estate, launched his third book, “Master Commercial...

News13 hours ago

Grade A Office Spaces Demand Growing at a Brisk pace, 164.3 Mn Sq Ft Added Since 2021

June 14, 2024: India’s office market is undergoing a profound transformation, reflecting the country’s robust economic growth, demographic advantages, and...

News14 hours ago

Real Estate Sector Needs to Gear Up for New Housing Challenges Until 2029, With Rain Harvesting as a Core Element for Housing Projects: HUA Additional Secretary

New Delhi, June 14, 2024: Additional Secretary of the Ministry of Housing and Urban Affairs, D Thara, on Friday asked...

News2 days ago

Tier-2 Cities Closing the Gap with Top-8 as Property Prices Surge by 10-15% in Prime Areas: Housing.com Report

New Delhi, June 13, 2024: Housing.com has released its inaugural “The Bharat in India” report on Thursday. The report unveils...

News2 days ago

Housing Prices Soar 13% CAGR as Inflation Moderates to 5.4%: ANAROCK Report 

Mumbai, June 13, 2024: Inflation, the gradual increase in the general prices of goods and services, erodes the purchasing power of money...

Trending