JTL Industries Expands Capacity in Ambitious Growth Plan

JTL Industries Ltd, a steel pipes manufacturer, announced an annual capacity increase to 2 lakh tonnes as part of a Rs 350-crore expansion strategy. This expansion boosts its total manufacturing ability to 6.86 lakh tonnes annually. They aim for a total capacity of 10 lakh tonnes by 2026-27.

Steel pipe manufacturer JTL Industries Ltd has announced a significant increase in its manufacturing capacity, reaching 2 lakh tonnes per annum as part of a major Rs 350-crore expansion plan, according to an exchange filing.

With this expansion, the company's cumulative pipe manufacturing capacity has grown to 6.86 lakh tonnes per annum. This move is part of JTL's larger strategy to enhance its production capabilities across its facilities.

JTL Industries, a key player in the electric resistance welded steel pipe market in India, aims to further augment its capacity to 10 lakh tonnes by the financial year 2026-27. It operates facilities in Raipur, Malegaon, and Mandi and Derahbasi in Punjab.

(With inputs from agencies.)