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Steel pipes maker JTL ramps up manufacturing capacity to 2 lakh tonne

The company aims to achieve a total expansion of 4 lakh tonnes by the financial year 2026-27.

October 31, 2024 / 17:47 IST
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,329.79 crore on Monday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,329.79 crore on Monday.

Steel pipes manufacturer JTL Industries Ltd announced on Wednesday that it has increased its annual manufacturing capacity to 2 lakh tonnes as part of its Rs 350-crore expansion plan. With this boost, the company’s total pipe production capacity has now reached 6.86 lakh tonnes per annum, as per its regulatory filing.

In the filing, JTL Industries stated, "We are pleased to announce the successful expansion of our Raipur facility’s capacity from 1 lakh tonnes to 2 lakh tonnes per annum (200,000 MTPA).”

The company aims to achieve a total expansion of 4 lakh tonnes by the financial year 2026-27, bringing its overall capacity to 10 lakh tonnes annually, a company official had informed PTI earlier.

JTL Industries is among India's leading producers of electric resistance welded (ERW) steel pipes, with manufacturing facilities in Raipur, Malegaon (Maharashtra), and Mandi and Derabassi (Punjab).

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PTI
first published: Oct 31, 2024 05:47 pm

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