Shares of JTL Industries surged as much 9.45 per cent on Monday as the company announced completion of first phase expansion at Nabha Steels and Metals.
Share Market News: Shares of JTL Industries surged as much 9.45 per cent on Monday as the company announced completion of first phase expansion at Nabha Steels and Metals. The counter opened at Rs 208.90 and went on to hit Rs 228.45.
The counter of has a 52-week low of Rs 158.55 and a 52-week high of Rs 276.
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Phase 1 of the expansion has been completed, and it is set to deliver a production of 5,000 metric tons per month of HR coils, the raw material for the production of ERW Steel Pipes
– Further, the second expansion phase is expected to commence shortly, scaling up the production output and adding more products to its portfolio offerings.
This expansion will enhance JTL’s total backward integration capacity, support the captive requirements of its Mandi Gobindgarh Punjab plant, and aid EBITDA/Ton at this plant by Rs. 2,000 per ton range.