
Business Update3 Jun 2024, 01:10 pm
JTL Industries Completes Phase-I Expansion at Nabha Steels and Metals, Enhancing Production by 5,000 Metric Tons Per Month
AI Summary
JTL Industries Ltd, a leading steel tube manufacturing company, has successfully completed Phase-I of expansion at its subsidiary Nabha Steels and Metals. The expansion is expected to deliver a production of 5,000 metric tons per month of HR coils, supporting the captive requirements of JTL's Mandi Gobindgarh Punjab plant and enhancing EBITDA/Ton. The second expansion phase is due to commence shortly, adding more products to its portfolio offerings. This strategic milestone strengthens JTL's market presence and sustainable growth, emphasizing its dedication to evolving into a comprehensive building materials solutions provider.
Key Highlights
- JTL Industries completes Phase-I of expansion at Nabha Steels and Metals
- Expected to deliver a production of 5,000 metric tons per month of HR coils
- Supports captive requirements of JTL's Mandi Gobindgarh Punjab plant
- Enhances EBITDA/Ton by Rs. 2,000 per ton range
- Second expansion phase to commence shortly, adding more products to its portfolio