JTL Infra Ltd reports highest ever volume in Q2FY22

JTL Infra Limited, one of India's fastest growing producers of ERW Steel Tubes and Pipes, today announces its sales volume performance for the second quarter ended September 30, 2021. The Company registered highest sales volume ever of 40,180 Metric Tonnes in Q2 FY22. The volume increased by 37.44% QoQ and 170.41% YoY.

- JTL had the highest sales volume ever in the 2" quarter of financial year 2022. The ramping up of other facilities are effectively adding numbers setting a new All Time High every quarter.

- JTL Derabassi supplied more than 4000 metric tonnes of Galvanized Pipes to Himachal Government in the Jal Jeevan Mission. JTL has been regularly catering to Jal Jeevan Mission and has shared the objective to supply water pipelines to every household with the government.

- The Board of Directors of the Company, at its meeting held on September 22, 2021, has fixed Saturday, October 16, 2 021 as the Record date for determining the eligibility of members for sub-division of each equity share of the face value of Rs.10/- each into five (5) equity shares, each of the face value of Rs.2 /-.

- The Board of Directors approved a dividend of Rs.2/- per equity share of Rs.10 each (20%) for the financial year 2020-2021, at its Annual General Meeting, held on September 22, 2021.

* In line with the Company's well-thought-out long-term business strategy of consolidation of existing businesses and geographically diversifying and expanding its manufacturing footprint in emerging markets across India

a) The Board of Directors at its meeting held on August 18, 2021 has approved the Scheme of Arrangement for Amalgamation of Chetan Industries Limited ("Transferor Company") with JTL Infra Limited ("Transferee Company") on a going concern basis

b) Scaling up production at Mangaon Plant - state of the art manufacturing facility, already having installed capacity of 1 Lakh MTPA, addition of another 1 Lakh MTPA capacity is underway and is in its last leg of execution.

c) Scaling up additional 1 Lakh MTPA production capacity at Mandi Gobindgarh Plant, already having capacity of 1 Lakh MTPA.

Shares of JTL INFRA LIMITED was last trading in BSE at Rs. 900.2 as compared to the previous close of Rs. 887.45. The total number of shares traded during the day was 9169 in over 435 trades.

The stock hit an intraday high of Rs. 907 and intraday low of 880.05. The net turnover during the day was Rs. 8219801.

Source : Equity Bulls

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