{"id":133105,"date":"2024-09-10T13:46:08","date_gmt":"2024-09-10T08:16:08","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=133105"},"modified":"2024-09-10T14:41:26","modified_gmt":"2024-09-10T09:11:26","slug":"steel-stock-jumps-after-company-expands-its-galvanized-iron-plant-in-maharashtra","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/steel-stock-jumps-after-company-expands-its-galvanized-iron-plant-in-maharashtra\/","title":{"rendered":"Steel stock jumps after company expands its galvanized iron plant in Maharashtra"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1132355391\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of leading steel pipes manufacturers gained up to 2.2 percent after the company announced its production capacity expansion by 5,000 MT per quarter.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3810882040\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong>JTL Industries Ltd<\/strong> has a market capitalization of Rs 4,317.00 crore, the shares were trading at Rs 231.95 per share, increasing around 0.54 percent as compared to the previous closing price of Rs 230.70 per share.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for Rise:-&nbsp;<\/strong><\/h2><p>Today, the shares of the company have seen a positive movement after JTL Industries Ltd announced the successful expansion of its Galvanized Iron (GI) plant in Mangaon, Maharashtra. This new facility will significantly enhance our production capabilities, adding 5,000 MT of capacity per quarter.&nbsp;<\/p><p>Moreover, this is a crucial step towards achieving its Value-Added Product (VAP) share of 40%-42% this year, especially with the anticipated introduction of Direct Forming Technology (DFT) in the second half of the year, which is currently being installed.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1611842822\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial performance:-&nbsp;<\/strong><\/h2><p>Looking into the company&#8217;s financial condition, JTL Industries Ltd\u2019s revenue zoomed by 2 percent from Rs 505 crore in Q1FY24 to Rs 515 crore in Q1FY25. During the same time frame, net profits increased by 24 percent from Rs 25 crore to Rs 31 crore.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Manufacture Facilities:-&nbsp;<\/strong><\/h2><p>The company has manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh. The cumulative capacity of the company is 5,86,000 MTPA for Steel Pipes and 3,00,000 MTPA is backward integration.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Future Plans:-&nbsp;<\/strong><\/h2><p>JTL plans to invest Rs. 340 crore to increase capacity from 0.6 MTPA to 1 MTPA by FY25. The company also aims to increase its value-added product (VAP) share from 31% in FY23 to 50% by FY25. By the end of FY25, JTL plans to increase capacity by 0.2 MTPA at its Mangaon and Raipur facilities, bringing the total capacity to 1 MTPA.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview:-&nbsp;<\/strong><\/h2><p>JTL Industries Limited, situated in India, manufactures electric resistance welded (ERW) steel pipes, as well as section pipes and tubes. The company manufactures and sells iron and steel goods. Its goods and services include JTL MS Structura, JTL Jumbo, JTL Ultra, JTL Jal Jaan, and JTL Galva Flow.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-360973703\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of leading steel pipes manufacturers gained up to 2.2 percent after the company announced its production capacity expansion by 5,000 MT per quarter.&nbsp; JTL Industries Ltd has a market capitalization of Rs 4,317.00 crore, the shares were trading at Rs 231.95 per share, increasing around 0.54 percent as compared to the previous closing [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-133105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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