Chandigarh [India], August 24: JTL Industries Limited (“JTL” or “the Company”) (BSE: 534600 | NSE: JTLIND), a leading manufacturer of structural steel tubes and pipes, announced that its subsidiary, JTL Engineering Limited, will undertake a capital expenditure of approximately Rs. 15 Crore to expand its narrow-width HR coil manufacturing capacity.

The planned expansion will double JTL Engineering Limited’s HR coil manufacturing capacity from the current 5,000 MT per month to 10,000 MT per month. The expanded facility is expected to be commissioned in Q4 FY27.

With the proposed expansion, JTL Engineering Limited will enhance its capability to manufacture wider narrow-width HR coils. The maximum coil width will increase from the current 9 inches (228.6 mm) to 11 inches (279.4 mm).

The increased width capability will broaden the range of narrow-width HR coils that can be manufactured by the Company, enabling JTL Engineering Limited to address a wider set of product specifications and customer requirements.

Commenting on the development, Mr. Madan Mohan, Managing Director of JTL Industries Limited said: “The proposed expansion reflects our focus on strengthening JTL Engineering Limited’s manufacturing capabilities and expanding the range of products that we can offer. The additional capacity and wider coil capability will enable us to cater to a broader range of product specifications and customer requirements.”

Zenith Multi Trading DMCC holds a 2.81% stake in JTL Industries Limited under the Foreign Institutional Investor (FII) category. The entity is associated with promoter Hari Shanker Tibrewala.

JTL Engineering Limited’s manufacturing process uses sponge iron and steel scrap as key raw materials. The use of scrap supports efficient utilisation of raw materials and forms an important part of the Company’s approach towards recycling and more circular manufacturing.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.