JTL Engineering Ltd incorporated as subsidiary of JTL Industries Limited

JTL Industries Limited is pleased to announce the successful incorporation of JTL Engineering Limited as a subsidiary of the Company, previously operating as a partnership firm under the name of Nabha Steels & Metals. This transition marks a strategic step towards enhancing synergies, operational efficiency and scalability.

JTL Industries Limited ("JTL" or "The Company"), is a fast-growing dynamic steel tube manufacturing company which specializes in producing ERW Black Pipes, PreGalvanized and Galvanized Steel Pipes, large diameter tubes and pipes, and hollow structure.

Key Highlights:

- Nabha Steels & Metals has now been successfully incorporated as JTL Engineering Limited, a subsidiary of JTL Industries Limited.

- Following this transition, all sales and revenues operations from JTL Engineering Limited (formerly Nabha Steels & Metals) will now be directly reflected under JTL's consolidated financials, streamlining financial reporting and reinforcing operational transparency.

- The successful commercialization of Phase-I of the entity's (formerly Nabha Steels & Metals) expansion has already yielded strong results, with a production rate of 5,000 metric tons per month of HR coils, and further expansion is under pipeline in the coming quarters.

- The 9M FY25 sales volume of JTL Engineering Ltd (formerly Nabha Steels & Metals) stood at 33,277 MT, showcasing consistent performance in line with expectations.

Commenting on the successful incorporation, the management of the Company said: "The incorporation of JTL Engineering Limited (formerly Nabha Steels & Metals) as a subsidiary represents a crucial step in our long- term strategy to strengthen our core operations and maximize synergies. This transition enhances our corporate structure, improves financial transparency, and positions us for sustainable growth.

JTL Engineering Limited (formerly Nabha Steels & Metals) will continue to focus on its core business, ensuring a seamless transition for existing clients, partners, and stakeholders. This move aligns with JTL Industries Limited's long- term vision to strengthen its market position and drive future growth.

This transition solidifies JTL Industries' position as a leading player in the steel industry, enhancing its backward integration capabilities and expanding its market reach. The company remains committed to delivering high-quality steel solutions and exploring new growth opportunities to reinforce its leadership in the sector."

Source : Equity Bulls

Keywords

JTLIndustries Subsidiary JTLEngineering