August 24, 2026: JTL Industries Limited has announced a proposed capital expenditure of approximately ₹15 crore through its subsidiary JTL Engineering Limited to expand its narrow-width hot rolled (HR) coil manufacturing capacity.
Author: Aadarsh Patel | EQMint
The planned expansion will double JTL Engineering’s existing HR coil manufacturing capacity from 5,000 MT per month to 10,000 MT per month, with commissioning targeted for Q4 FY27, according to the company’s regulatory filing.
Zenith Multi Trading DMCC, a Dubai-registered investment platform in which Hari Shankar Tibrewal has invested, holds 2.81 per cent shares of JTL in FIIs category. FIIs hold 1.44 per cent stake in the company.
JTL Engineering to Double HR Coil Capacity
The proposed ₹15 crore investment will significantly increase JTL Engineering’s production capacity for narrow-width HR coils.
At present, the subsidiary has a manufacturing capacity of 5,000 MT per month. Following the expansion, this is expected to reach 10,000 MT per month, effectively doubling the company’s monthly production capability.
The expanded facility is scheduled to be commissioned in Q4 FY27.
Maximum Coil Width to Increase to 11 Inches
Along with higher production capacity, JTL Engineering plans to increase the maximum width of the narrow-width HR coils it can manufacture.
The maximum coil width will rise from the existing 9 inches (228.6 mm) to 11 inches (279.4 mm) after the expansion.
According to the company, the wider manufacturing capability will allow JTL Engineering to cater to a broader range of product specifications and customer requirements.
₹15 Crore Investment to Support Manufacturing Expansion
The proposed capital expenditure is being undertaken by JTL Engineering, a subsidiary of JTL Industries.
The expansion is aimed at strengthening the subsidiary’s manufacturing capabilities and widening its product range. JTL Industries Managing Director Madan Mohan said the additional capacity and wider coil capability will help the company address a broader set of customer requirements.
The company has not disclosed a detailed funding breakup for the ₹15 crore capex in the filing.
Scrap and Sponge Iron Used as Key Raw Materials
JTL Engineering’s narrow-width HR coil manufacturing process uses sponge iron and steel scrap as key raw materials.
The manufacturing process shown in the company’s press release includes raw material preparation, melting in an induction furnace, continuous casting, hot rolling, narrow-width HR coil production, slitting and trimming, finishing and inspection.
The use of steel scrap supports the company’s approach toward efficient raw material utilisation and recycling within the manufacturing process.
JTL Industries’ Manufacturing Footprint
JTL Industries is a manufacturer of structural steel tubes and pipes, with manufacturing facilities across Punjab, Maharashtra, Chhattisgarh and Himachal Pradesh, including through its subsidiaries.
The company states that its cumulative pipe manufacturing capacity is approximately 9,36,000 MTPA, with around 3,00,000 MTPA dedicated to backward integration.
Its product portfolio includes DFT structural pipes, GI pipes, MS black pipes, hollow sections, solar structures, HR coils and phosphorous bronze, copper and brass alloys.
What the Expansion Means for JTL Industries
The capacity expansion gives JTL Engineering the ability to produce twice its current monthly volume of narrow-width HR coils and manufacture coils up to 11 inches wide.
If commissioned as scheduled in Q4 FY27, the expanded capacity could support a wider customer base and product mix. The actual financial impact will depend on commissioning, capacity utilisation, demand and operating performance.
For investors tracking JTL Industries, the key factors to watch will be the progress of the expansion, commissioning timeline, capacity utilisation and contribution from the expanded HR coil business.
Key Highlights of JTL Industries
| Particular | Details |
|---|---|
| Company | JTL Industries Limited |
| Subsidiary | JTL Engineering Limited |
| Proposed Capex | ₹15 crore |
| Current HR Coil Capacity | 5,000 MT/month |
| Post-Expansion Capacity | 10,000 MT/month |
| Capacity Increase | 100% |
| Current Maximum Coil Width | 9 inches |
| New Maximum Coil Width | 11 inches |
| Expected Commissioning | Q4 FY27 |
| BSE Code | 534600 |
| NSE Symbol | JTLIND |
FAQs
What is the JTL Industries capex announcement?
JTL Engineering Limited, a subsidiary of JTL Industries, plans to invest approximately ₹15 crore to expand its narrow-width HR coil manufacturing capacity.
What will be JTL Engineering’s new HR coil capacity?
The capacity is expected to increase from 5,000 MT per month to 10,000 MT per month.
When will the expanded facility be commissioned?
The company expects the expanded facility to be commissioned in Q4 FY27.
What will be the maximum HR coil width after expansion?
The maximum width will increase from 9 inches to 11 inches.
What is JTL Industries’ NSE symbol?
JTL Industries trades on the NSE under the symbol JTLIND and on the BSE under scrip code 534600.
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Disclaimer: This article is not an investment advice and is for educational purpose only.
