JTL Industries Ltd Company Summary

JTL Industries Ltd Summary

JTL Industries Limited (Formerly known as JTL Infra Limited) was incorporated on July 29, 1991. The Company name was changed from TL Infra Limited to JTL Industries Limited in July, 2022 resulting the merger process. The Company is a prominent player in the structural steel tubes and pipes sector, with an impressive legacy spanning 3 decades. It specialises in manufacturing ERW black and hollow steel tubes and pipes.JTL Industries operates a large-scale facility tailored for the manufacturing and export of galvanised steel tubes/ pipes, welded black pipes/tubes, and electro-galvanised steel tubes/pipes. With a diverse product line, the Company manufactures steel tubes to cater to a multitude of applications, including mild steel tubes for structural and general engineering purposes, ERW pipes designed for water, gas, and sewerage systems. Additionally, the Company manufactures steel tubes for belt conveyor idlers, water wells, and lancing pipes, serving both automotive and industrial sectors with precision and excellence. The Companys newly commissioned manufacturing facilies in Mangaon became fully operational in 2019-20. In 2020-21, Company acquired ready to use manufacturing facilities situated at Mandi Gobindgarh, Punjab, a promoter group entity, and ramped up capacity by 1 lac MTPA at Mangaon Plant later in FY 2022. In 2022, it incorporated Wholly Owned Subsidiary Company (WOS) in the name of JTL Tubes Limited effective January 5, 2022.During Financial Year 2022-23, Chetan Industries Limited got merged with the Company through the Scheme of Amalgamation, and made it effective from March 31, 2023. The Company increased the overall production capacity to 1,86,000 MTPA by the end of FY 2022-23.The Company expanded its manufacturing capacity to approximately 5,86,000 MTPA in FY 2023-24. It further acquired a 67% controlling stake in Nabha Steels and Metals, located in Mandi Gobindgarh, Punjab with a production capacity of 200,000 MTPA in FY24.