Steel stock jumps 3% after it receives order for 3000 metric tons of gi pipeSteel stock jumps 3% after it receives order for 3000 metric tons of gi pipe

Introduction:

Leading steel pipe manufacturer has secured a ₹24 crore order from the Public Health Engineering (PHE) Department, Jammu, for supplying 3,000 metric tonnes of GI pipes under the Jal Jeevan Mission. The project aims to enhance rural water infrastructure and accessibility.

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Share price movement of JTL Industries:

On February 5, 2025, JTL Industries Ltd opened at ₹98.51, up 0.49% from its previous close of ₹98.03. The stock reached a high of ₹101.80 (3.85%) and a low of ₹98.51. By 10:03 AM, it traded at ₹100.03, a 2.04% increase, with a market cap of ₹3,821.56 crore.

JTL Industries Secures ₹24 Crore GI Pipe Order:

JTL Industries Limited has secured a ₹24 crore order from the Public Health Engineering (PHE) Department, Jammu, for supplying 3,000 metric tonnes of Galvanized Iron (GI) pipes. This order, under the Jal Jeevan Mission (JJM), will be delivered within 30 days.

The Jal Jeevan Mission, launched in 2019, has expanded tap water access from 17% to nearly 80% as of February 2025. The government has extended the scheme until 2028, with an estimated ₹4 lakh crore investment, creating significant demand for high-quality GI pipes in water projects.

With ₹67,000 crore allocated for FY 2025-26, JTL Industries stands to benefit as a key supplier. Its expertise in manufacturing steel tubes and pipes positions it well for future opportunities, aligning with the government’s focus on infrastructure expansion, sustainability, and long-term water security.

Recent news on JTL Industries:

As of January 28, 2025, JTL Industries Ltd reported a Q3 FY25 net profit of ₹24.94 crore, with revenue from operations at ₹451.53 crore. Total expenses stood at ₹419.8 crore, while the company paid ₹8.74 crore in taxes.

Stock performance of JTL Industries for Period of 1 week, 6 months and 1 year:

JTL Industries Ltd gained 4.35% in the past week but saw a 8.79% decline over six months and a 26.6% drop over the past year, reflecting short-term recovery amid long-term challenges in market performance.

Also Read: Stock jumps 4% after it receives order for cylinders from PSU company

Shareholding pattern of JTL Industries:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	48.90%	48.90%	54.20%
FII	5%	5.60%	5.80%
DII	2.20%	1.60%	0.30%
Public	43.90%	43.90%	39.70%

About JTL Industries:

JTL Industries Limited (NSE: JTLIND) is a rapidly growing steel tube manufacturer with facilities in Punjab, Maharashtra, and Chhattisgarh. It produces GI Pipes, MS Black Pipes, Hollow Sections, and Solar Structures, catering to diverse industrial and infrastructure applications.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.