JTL Industries’ shares surged over 3% after securing a significant order worth Rs 24 crore from the Public Health Engineering (PHE) Department, Jammu, under the Jal Jeevan Mission (JJM). The order involves supplying 3,000 metric tonnes of Galvanized Iron (GI) pipes of various sizes, with delivery scheduled within 30 days.
JTL Industries opened at ₹100.00, reaching a high of ₹102.55 and a low of ₹99.52. The stock remains volatile, trading within its 52-week range of ₹83.45 to ₹139.00. As of 12:14 PM, the shares were trading 3.87% higher at Rs 101.81.
The Jal Jeevan Mission, launched in 2019, has been a game-changer in expanding rural tap water access, increasing coverage from 17% to 79.74% as of February 1, 2025. With the government extending the initiative until 2028, an additional Rs 4 lakh crore is required to reach full coverage, with Rs 67,000 crore allocated for FY 2025-26.
JTL Industries is poised to benefit from this massive infrastructure push, thanks to its reputation as a trusted GI pipe supplier. The company reaffirmed its commitment to India’s water security, emphasizing its capability to fulfill large-scale infrastructure demands.
In the meantime, on February 1, JTL Industries announced its expansion into the high-demand Lattice Towers segment, reinforcing its commitment to value-added products. To support this initiative, the company has established a cutting-edge manufacturing plant in Derabassi, Punjab, with a production capacity of 1,500 tons per month. This Greenfield Project, spanning 12 acres, is set to commence operations by H2FY26.
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