JTL Ind To Consider Stock Split, Bonus Shares

Hyderabad: JTL Industries Ltd, a leading steel tube manufacturing company, has announced that its board will be meeting on October 3 to discuss on several issues such as sub-division/split of equity shares and the proposal to issue bonus shares to the equity shareholders.

Commenting on the development, the management team of JTL, stated: “We are thrilled to announce the successful commissioning of our Galvanized Iron (GI) plant in Mangaon, Maharashtra, representing a significant milestone in our growth journey. This expansion will increase our production capacity by 5,000 MT per quarter, allowing us to better serve a broader customer base and enhance our market presence.”

The team further added: “Moreover, it is a crucial step towards achieving our Value-Added Product (VAP) share of 40-42 per cent this year, especially with the anticipated introduction of Direct Forming Technology (DFT) in the second half of the year, which is currently being installed. This technological advancement will further enhance our product offerings and solidify our market position.”