JTL Industries Secures Rs 24 Crore GI Pipe Order For Jal Jeevan Mission
Boost to Rural Water Infrastructure Under Jal Jeevan Mission
JTL Industries has secured a major Rs 24 crore order for supplying 3,000 metric tonnes of galvanised iron (GI) pipes under the Jal Jeevan Mission (JJM). The order, placed by the Public Health Engineering (PHE) Department, Jammu, aims to enhance rural water infrastructure and is expected to be delivered within 30 days.
JTL Industries' Stock Reacts Positively
Following the announcement, JTL Industries' stock price witnessed a sharp uptick. The stock opened at Rs 98.51 on the BSE, higher than its previous closing price of Rs 98.05. It later surged to an intraday high of Rs 102.65, reflecting a nearly 5% gain.
Company’s Growth Strategy and Management Statement
The management of JTL Industries expressed optimism about this development. They stated:
"We are pleased to announce this significant order under the Jal Jeevan Mission. With our proven track record in government projects, JTL is well-positioned to support this initiative. As investments in water infrastructure rise, we see significant opportunities to create long-term stakeholder value and enhance our visibility in the sector."
Jal Jeevan Mission: A Game-Changer for Rural India
Launched on August 15, 2019, by Prime Minister Narendra Modi, the Jal Jeevan Mission has transformed rural water availability. The initiative has expanded 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 the mission until 2028, with a projected outlay of Rs 4 lakh crore. For FY 2025-26 alone, the Jal Shakti Ministry has allocated Rs 67,000 crore for water infrastructure projects.
About JTL Industries
JTL Industries is among India's fastest-growing steel tube manufacturers, with a registered office in Chandigarh. The company operates manufacturing plants in Chhattisgarh, Maharashtra, and Punjab, with a total production capacity of 6,86,000 MTPA for pipes and 3,00,000 MTPA for backward integration.
As a recognized Star Export House, JTL Industries offers a diverse product range, including:
- Hollow sections
- Solar structures
- MS Black pipes
- GI pipes
- Other industrial and infrastructure-grade products
With its strong presence in government infrastructure projects, JTL Industries is poised for further growth in India's expanding water security initiatives.
Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not constitute financial advice. Investing in equities carries risks, and readers should conduct their own research or consult a financial advisor before making any investment decisions.
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