About JTL Industries Limited

JTL Industries Limited is a leading building material solutions company focused on high-quality, value-added ERW steel pipes and tubes for infrastructure, construction, solar, oil and gas, water, agriculture, defence, and industrial applications, with five manufacturing facilities in India and an installed capacity of approximately 9,36,000 MTPA as of FY 2024-25. Incorporated on July 29, 1991 as Jagan Tubes Private Limited, it commissioned its first ERW black pipes facility in 1992, became a public company in 1993, and evolved through strategic rebranding and listings, including BSE in 2012 and NSE on June 12, 2023, culminating in a national footprint and backward integration by FY 2024-25. The Company’s portfolio spans galvanised steel tubes and pipes, MS hollow sections, hot-dipped galvanised tubes (up to 385 GSM), DFT structural pipes, solar mounting structures, steel tubular poles, and metal crash barriers, supplemented by branded lines such as JTL ULTRA, JTL MAXX, JTL JUMBO, JTL AQUA, and JTL AGNIRODHI to address niche, high-performance needs. Operations are centred at Derabassi and Mandi Gobindgarh (Punjab), Raipur (Chhattisgarh), and Mangaon (Maharashtra), with the Mangaon plant using Direct Forming Technology for precision and rapid size changeovers, and export reach across 5 continents and 20 countries with exports contributing 9% of total sales in FY 2024-25. JTL consolidated five facilities, expanded capacity at Mangaon to 5,00,000 MTPA post March 31, 2025, integrated HR coil production via JTL Engineering (formerly Nabha Steels), and remained near debt-free while raising Rs 300 crore via QIP in July 2024 to fund growth and working capital in FY 2024-25.

JTL Industries Limited Business Segment

• Products/services: ERW steel tubes and pipes, galvanised pipes, MS hollow sections, DFT structural sections, solar module mounting structures, steel tubular poles, and metal crash barriers across infrastructure-led sectors.

• Operating geographies: India-wide distribution with port-proximate exports; presence in Europe, Asia, Africa, Australia, and the Americas; 1,000 distributors, 1,500 SKUs, and 20 export countries across 5 continents in FY 2024-25.

• Subsidiaries: JTL Tubes Limited (wholly owned; not yet fully commenced operations) and JTL Engineering (formerly Nabha Steels and Metals) integrated for coil processing and backward integration benefits in FY 2024-25.

JTL Industries Limited Key Management

• Madan Mohan Singla — Managing Director.

• Rakesh Garg — Whole-Time Director.

• Dhruv Singla — Whole-Time Director.

• Pranav Singla — Whole-Time Director.

• Sanjeev Gupta — Whole-Time Director.

• Atul Garg — Chief Financial Officer.

• Amrender Kumar Yadav — Company Secretary and Compliance Officer.

Latest Updates on JTL Industries Limited

• Commissioned Direct Forming Technology at Mangaon in March 2025; capacity targeted at 5,00,000 MTPA post March 31, 2025, enabling large-diameter, high-precision hollow sections and faster changeovers.

• Completed strategic acquisition and integration of Nabha Steels and Metals (now JTL Engineering), producing 5,000 MT per month of HR coils for in-house use to bolster margins and supply security in FY 2024-25.

• Raised approximately Rs 300 crore via QIP in July 2024 to support expansion, working capital, and future-ready investments while maintaining near-zero debt posture in FY 2024-25.

• Achieved highest-ever sales volumes of 3,87,555 MT in FY 2024-25, with exports nearly doubling to 33,700 MT and contributing 9% of total sales, supported by port-proximate Mangaon operations.

Expanded Raipur capacity towards 2,00,000 MTPA with a balanced mix across sizes and 50% earmarked for ERW black pipes, adding 200 new SKUs and sharpening value-added mix in FY 2024-25.