{"id":17063,"date":"2023-06-13T05:22:24","date_gmt":"2023-06-13T05:22:24","guid":{"rendered":"https:\/\/www.newprojectstracker.com\/blog\/?p=17063"},"modified":"2023-06-14T05:27:07","modified_gmt":"2023-06-14T05:27:07","slug":"chandigarh-based-company-to-add-2mt-capacity-by-dec-as-part-of-rs-330-crore-capex","status":"publish","type":"post","link":"https:\/\/www.newprojectstracker.com\/blog\/chandigarh-based-company-to-add-2mt-capacity-by-dec-as-part-of-rs-330-crore-capex\/","title":{"rendered":"Chandigarh-based company to add 2MT capacity by Dec as part of Rs 330 crore capex"},"content":{"rendered":"\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:right \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/blog\/wp-json\/wp\/v2\/posts\/17063?pdf=17063\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download PDF Report<\/a>\n\n\t<\/div>\n\n\n\n\n\n<p><img src=\"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2021\/10\/stainless-steel.jpg\" \/><\/p>\n<p>As part of ongoing Rs 330-crore expenditure at two of its mills, Chandigarh-based JTL Industries, which manufactures various grades of galvanised steel tubes and pipes, is increasing its current 6 lakh tonne capacity by 2 lakh tonne.<\/p>\n<p>The company official told PTI that the overall capacity expansion of 4 lakh tonne, valued at Rs 330 crore, will be finished by FY27, bringing its total installed capacity to 10 lakh tonne. He also added that the immediate enhancement of 1 lakh tonne each will come up at the Malegaon plant in Maharashtra and the Raipur mill in Chhattisgarh, taking their combined output to 3 lakh tonne each.<\/p>\n<p>This is a completely debt-free investment as the company set up in the 1990s has long been debt-free. The expansion is fully funded by the Rs 384 crore raised from the preferential warrants issue in March, Dhruv Singla, an executive director &amp; chief financial officer, who is also the son of the managing director Madan Mohan Singla, told PTI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF Report As part of ongoing Rs 330-crore expenditure at two of its mills, Chandigarh-based JTL Industries, which manufactures various grades of galvanised steel tubes and pipes, is increasing its current 6&#8230; <\/p>\n","protected":false},"author":1,"featured_media":1103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[163,46],"tags":[1998],"jetpack_featured_media_url":"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2021\/10\/stainless-steel.jpg","acf":[],"_links":{"self":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/17063"}],"collection":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/comments?post=17063"}],"version-history":[{"count":1,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/17063\/revisions"}],"predecessor-version":[{"id":17064,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/17063\/revisions\/17064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media\/1103"}],"wp:attachment":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media?parent=17063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/categories?post=17063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/tags?post=17063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}