JTL Industries Limited announced today the incorporation of JTL Engineering Limited as a subsidiary, converting its partnership firm Nabha Steels & Metals into a public limited company. The strategic move aims to enhance operational efficiency and financial transparency.
The shares of JTL Industries Limited were trading today at ₹75.59 up by ₹0.74 or 0.99 per cent on the NSE today 11.40 am.
Following this transition, all sales and revenue operations from JTL Engineering Limited will be directly reflected in JTL’s consolidated financial statements. The newly formed subsidiary has already achieved commercial production in Phase-I of its expansion, producing 5,000 metric tons of HR coils monthly, with further expansion planned for upcoming quarters.
The subsidiary reported sales volume of 33,277 metric tons for the first nine months of FY25, meeting performance expectations. The company’s management stated that this incorporation represents a crucial step in strengthening core operations and maximizing synergies within the group.
JTL Industries Limited, headquartered in Chandigarh, specializes in ERW Black Pipes, Pre-Galvanized and Galvanized Steel Pipes, large diameter tubes, and hollow structures. The company operates manufacturing facilities across Punjab, Maharashtra, and Chhattisgarh with a total pipe manufacturing capacity of 686,000 MTPA and backward integration capacity of 300,000 MTPA.
As a recognized Star Export House, JTL Industries produces various steel products catering to industrial and infrastructural applications.
