Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

JTL Infra Ltd commences Commercial Production at recently acquired Mandi Gobindgarh Manufacturing Facilities

Posted On: 2020-11-25 05:29:55 (Time Zone: Arizona, USA)

JTL Infra Limited had announced that the company took over ready to use manufacturing facilities situated at Mandi Gobindgarh, Punjab from M/s. Jagan Industries Private Limited, a promoter group entity, having annual installed capacity of 1 Lac Metric Tonne on lease. This is in line with Company's well-thought-out long-term business strategy of consolidation of existing businesses and geographically diversifying and expanding its manufacturing footprint in emerging markets across India.

Commenting on the development, Mr. Dhruv Singla, CFO of the Company said "With this development, we are proceeding further towards having 5 Lacs MTPA installed capacity, across India very shortly.

Addition of these ready to use manufacturing facilities at Mandi Gobindgarh shall strengthen company's market share in Northern Region market, wherein we are targeting to double the levels of operations instantly and as such we taken over these facilities presently on lease rather than to wait for statutory approvals for assets purchase, as originally planned. Decision to take over the plant on lease shall enable JTL Infra to cater the increased demand of its products almost on immediate basis. We are expecting that with these add-on Mandi Gobindgarh facilities, revenue of the Company shall be increased by approx. Rs. 200 Crores on annual basis and 'll result in strong balance sheet going forward.

He further added that we have already completed the first phase of company's state of the art greenfield project at Mangaon, Maharashtra having installed capacity of 1 Lacs Metric Tonne and commissioning of second phase with another 1 Lacs Metric Tonne installed capacity is in advance stage, and we are expecting this newly built greenfield plant shall have 2 Lacs Metric Tonne installed capacity by closure of the current fiscal. The plant has already started contributing in company' revenue and shall be the big contributor in Company's top-line and bottom line in next couple of years."

Shares of JTL INFRA LTD. was last trading in BSE at Rs.141.05 as compared to the previous close of Rs. 136.25. The total number of shares traded during the day was 198816 in over 230 trades.

The stock hit an intraday high of Rs. 143 and intraday low of 135.05. The net turnover during the day was Rs. 28007268.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Antony Waste Handling Cell Ltd updates on business during Q3 FY21

Tiaan Consumer Limited Signs Up as a Beauty Partner for Safe Speed Challenge

R S Software India Ltd posts loss of Rs. 5.11 crore in Q3FY21

NCL Industries Ltd to set up 2000 TPD cement grinding unit

Riba Textiles Limited to expand capacity

United Spirits Limited to sell its stake in Tern Distilleries Pvt Ltd for Rs. 30 crore

Hinduja Global Solutions Limited arm raises stake in HGS Digital LLC to 100%

Adani Green Energy Signs Agreement to Acquire 20 MW Operating Solar Asset for INR 133 cr

Steel Exchange India Limited receives OTS sanction letters from all lenders

DCB Bank Ltd posts Q3FY21 net profit of Rs. 96.21 crore

Vivanza Biosciences Ltd posts consolidated PAT of Rs. 0.16 crore in Q3

Arihant Superstructures Ltd Q3FY21 consolidated net profit at Rs. 1.94 crore

ICRA reaffirms rating of IIFL Finance Ltd, IIFL Home Finance Ltd

Zenotech Laboratories Ltd appoints Mr. Devendra Chandrakant S. Kenkre as CEO

Polycab India Ltd reports Q3FY21 consolidated PAT of Rs. 262.50 crore

JM Financial Ltd posts consolidated PAT of Rs. 180.76 crore in Q3 FY2020-21

Birla Corporation Ltd Q3FY21 consolidated PAT at Rs. 148.42 crores

Sportking India Ltd Q3 net profit zooms to Rs. 30.32 crore

APM Finvest Ltd Q3FY21 net profit jumps to Rs. 6.90 crore

Ultratech Cement Ltd reports jump in Q3FY21 consolidated PAT to Rs. 1584.34 crores

Supreme Industries Ltd Q3FY21 Q3FY21 consolidated PAT zooms to Rs. 312.28 crore

Mahindra Lifespaces achieves residential sales of Rs. 195 crores during Q3FY21 up 70% over Q2FY21

Rossari Biotech Ltd Q3FY21 consolidated PAT up at Rs. 21.60 crore

Vimta Labs Ltd Q3FY21 net profit up at Rs. 8.01 crore

Pudumjee Paper Products Ltd reports loss in Q3FY21

Zydus Cadila receives final approval from USFDA for Liothyronine Sodium Tablets

Tata Power Solar receives the EPC order for INR 1200 Crore from NTPC for setting up of 320MW ground mounted Solar PV project

Pil Italica Lifestyle Ltd Q3FY21 PAT at Rs. 2.02 crore

Apollo Hospitals Enterprise Limited raises funds through QIP at Rs. 2511 per share

Sadbhav Infrastructure Project Limited board to consider issue of NCDs

Wendt India Ltd board declares interim dividend of Rs. 10 for FY21

Kriti Nutrients Ltd Q3FY21 net profit at Rs. 3.56 crore

Jio Platforms Ltd Q3FY21 PAT rises 15.5% QoQ

Reliance Industries Ltd Q3FY21 consolidated net profit jumps to Rs. 13101 crore

IndiGo strengthens regional connectivity, launches Agra as 64th domestic destination

Kewal Kiran Clothing Ltd board declares 2nd interim dividend of Rs. 8

Isgec Bags prestigious orders for Air Pollution Control Equipment

Tata Motors increases passenger vehicle prices from today

Kewal Kiran Clothing Ltd Q3FY21 consolidated PAT at Rs. 10.84 crore

Fineotex Chemical Ltd Q3FY21 consolidated net profit up at Rs. 13.07 crore

Swaraj Engines Posts its Ever Best Q3 Performance

Crompton Greaves Consumer Electricals Ltd Q3FY21 consolidated net profit at Rs. 151.09 crore

Oberoi Realty Ltd posts consolidated PAT of Rs. 286.65 crore in Q3FY21

Gland Pharma Ltd Q3FY21 net profit at Rs. 204.10 crore

Aditya Birla Group flagship Grasim to foray into the Paints Business

OMAX Autos Ltd commences commercial production of new unit

Spark Minda appoints Mr. Biranchi Mohapatra as the CEO for Business Vertical II - Information and Connected Systems

IndiGrid increases distribution to INR 3.10 per unit / Quarter

NTPC to raise Rs. 2,500 crore through private placement of bods

Century Textiles & Industries Ltd posts consolidated PAT of Rs. 32.11 crores in Q3

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020