JTL Industries Limited (BSE: 534600, NSE: JTLIND), 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, has announced that its board will meet on October 03, 2024 to consider the sub-division/split of Equity Shares of the Company, and the proposal to issue bonus shares to the company’s equity shareholders.
Recently, the company announced the successful expansion of its Galvanized Iron (GI) plant in Mangaon, Maharashtra. This new facility will significantly enhance its production capabilities, adding 5,000 MT of capacity per quarter. This is a robust implementation of the company’s 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.