JTL Industries Ltd Boosts Capacity by 5,000 MT per Quarter for Enhanced Output

JTL Industries Limited ("JTL" or "The Company"), is a fast-growing dynamic steel tube manufacturing company that specializes in producing Black Steel Pipes, Pre-Galvanized and Galvanized Steel Pipes, large-diameter steel tubes and pipes, and hollow structures.

JTL has announced the successful expansion of its Galvanized Iron (GI) plant in Mangaon, Maharashtra. This new facility will significantly enhance our production capabilities, adding 5,000 MT of capacity per quarter.

This is a robust implementation of our strategy to increase Value-Added Product (VAP)share.

Commenting on the development, the management team of JTL stated: "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. 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.

The new facility is equipped with advanced technology, perfectly aligning with our long-term vision of scaling operations and maintaining a competitive edge in the industry. The commissioning of new plant reflects our confidence in the sector's growth prospects and underscores our commitment to delivering high-quality products while adhering to the highest standards of efficiency and sustainability.

In conclusion, the successful launch of our GI plant in Maharashtra not only enhances our production capabilities but also positions us strategically for future growth. As we continue to innovate and expand our operations, we remain committed to delivering exceptional value to our customers and stakeholders. We are excited about the opportunities this expansion presents and look forward to driving our performance and achieving our goals in the months ahead."

Source : Equity Bulls

Keywords

JTLIndustries CapacityExpansion 5000MT GalvanizedIronPlant Mangaon Maharashtra