JTL Industries Limited made an announcement today regarding the establishment of JTL Engineering Limited as a subsidiary, transforming its partnership firm Nabha Steels & Metals into a public limited company. This strategic decision is aimed at improving operational efficiency and financial transparency.
At 11.40 am today, shares of JTL Industries Limited were trading at ₹75.59, marking an increase of ₹0.74 or 0.99 per cent on the NSE.
As a result of this transition, all sales and revenue activities of JTL Engineering Limited will now be directly reflected in JTL’s consolidated financial statements. The newly formed subsidiary has successfully commenced commercial production in Phase-I of its expansion, producing 5,000 metric tons of HR coils monthly, with further expansion plans for the upcoming quarters.
During the first nine months of FY25, the subsidiary reported a sales volume of 33,277 metric tons, meeting performance expectations. The management of the company emphasized that this incorporation is a significant step towards strengthening core operations and leveraging synergies within the group.
Headquartered in Chandigarh, JTL Industries Limited specializes in the production of ERW Black Pipes, Pre-Galvanized and Galvanized Steel Pipes, large diameter tubes, and hollow structures. The company operates manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh, with a total pipe manufacturing capacity of 686,000 MTPA and a backward integration capacity of 300,000 MTPA.
As a recognized Star Export House, JTL Industries manufactures a variety of steel products for industrial and infrastructural applications.
The article was originally published on March 12, 2025.
