JTL Industries, a leading player in the pipe manufacturing sector, has witnessed its shares surge by more than 4% following the announcement of a successful expansion of its Raipur facility. The company’s capacity has increased from 100,000 metric tons per annum (MTPA) to 200,000 MTPA.
The expansion of the Raipur facility is a significant milestone for JTL Industries, enhancing its total pipe manufacturing capacity to approximately 686,000 MTPA. This strategic enhancement aligns with the company’s ambitious goal of reaching 1 million MTPA by the end of the year.
As of 12:25 pm, JTL Industrie shares were trading 3.87% higher at Rs 208.53 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.