JTL Engineering Announces Rs. 15 Crore Capex to Double Narrow-Width HR Coil Capacity

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.