Steel pipe manufacturer JTL Industries Ltd on Wednesday announced that it will increase its annual production capacity to 2 lakh tonnes as part of its Rs 350-crore expansion plan.
With this addition, its cumulative pipe production capacity has reached the level of 6.86 lakh tonnes per annum, the company said in an exchange filing.
In a filing on Wednesday, JTL Industries said, “Announcing the successful expansion of the capacity of its Raipur plant from 1,00,000 metric tonnes per annum (MTPA) (1 lakh tonne) to 200,000 MTPA”.
The company aims to complete its 4 lakh tonne expansion plan by the 2026-27 financial year, taking its total capacity to 10 lakh tonnes per annum, a company official had told PTI earlier.
JTL Industries is a leading manufacturer of resistance welded steel pipes in India. Apart from Raipur, it owns manufacturing facilities in Malegaon in Maharashtra, and Mandi and Derahbasi in Punjab.
