JTL Industries shines on bagging order to supply 3,000 metric tonnes of GI pipes of assorted sizes
JTL Industries is currently trading at Rs. 100.51, up by 2.48 points or 2.53% from its previous closing of Rs. 98.03 on the BSE.
The scrip opened at Rs. 98.51 and has touched a high and low of Rs. 101.80 and Rs. 98.51 respectively. So far 2050 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 138.30 on 28-Feb-2024 and a 52 week low of Rs. 83.55 on 12-Mar-2024.
Last one week high and low of the scrip stood at Rs. 101.80 and Rs. 93.62 respectively. The current market cap of the company is Rs. 3853.38 crore.
The promoters holding in the company stood at 48.91%, while Institutions and Non-Institutions held 7.22% and 43.88% respectively.
JTL Industries has received a significant order to supply 3,000 metric tonnes of Galvanized Iron (GI) pipes of assorted sizes. The order, valued at Rs 24 crore, has been placed by the Public Health Engineering (PHE) Department, Jammu, as part of the Jal Jeevan Mission (JJM). The delivery is scheduled to be completed within the next 30 days.
Launched by the government on August 15, 2019, JJM has transformed rural water access, increasing tap water coverage from 3.23 crore (17%) households at launch to 15.44 crore (79.74%) as of February 1, 2025. The government has now extended JJM until 2028 with an enhanced outlay, as the final 20% coverage requires significant infrastructure investments, advanced execution strategies, and greater last-mile connectivity efforts. The Jal Shakti Ministry estimates an additional Rs 4 lakh crore will be required to complete the mission, with Rs 67,000 crore allocated for FY 2025-26 alone.
Given these developments, JTL Industries, as a key supplier in JJM, stands to benefit significantly. The company has a strong track record in delivering high-quality GI pipes for water infrastructure projects and is well-positioned to capture additional opportunities arising from the government’s renewed focus on quality, sustainability, and long-term water security.
JTL Industries manufactures various grades of galvanised steel tubes and pipes.
