Company Profile

JTL Infra has successfully completed supplies of around 2200 MT GI Pipes, amounting Rs 146 million to Himachal Pradesh State under Jal Jeevan Mission (JJM) Scheme, whereas supplies to other JJM orders worth millions of rupees are under progress despite the challenges posed by Covid-19 pandemic.

JTL Infra is an India-based company engaged in manufacture and sale of ERW Black and Galvanized steel pipes and Tubes, hollow sections and structural steel that are used in engineering and construction projects.

JTL Infra is currently trading at Rs. 166.15, up by 12.15 points or 7.89% from its previous closing of Rs. 154.00 on the BSE.

The scrip opened at Rs. 166.90 and has touched a high and low of Rs. 169.00 and Rs. 159.80 respectively. So far 30394 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.00 on 27-Nov-2020 and a 52 week low of Rs. 65.10 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 169.00 and Rs. 129.20 respectively. The current market cap of the company is Rs. 174.97 crore.

The promoters holding in the company stood at 71.94%, while Non-Institutions held 28.06% stake in the company.

JTL Infra has successfully completed supplies of around 2200 MT GI Pipes, amounting Rs 146 million to Himachal Pradesh State under Jal Jeevan Mission (JJM) Scheme, whereas supplies to other JJM orders worth millions of rupees are under progress despite the challenges posed by Covid-19 pandemic.

JTL Infra is an India-based company engaged in manufacture and sale of ERW Black and Galvanized steel pipes and Tubes, hollow sections and structural steel that are used in engineering and construction projects.

JTL Infra is currently trading at Rs. 153.40, up by 12.35 points or 8.76% from its previous closing of Rs. 141.05 on the BSE.

The scrip opened at Rs. 154.00 and has touched a high and low of Rs. 155.15 and Rs. 152.90 respectively. So far 10970 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 155.15 on 26-Oct-2020 and a 52 week low of Rs. 65.10 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 155.15 and Rs. 129.00 respectively. The current market cap of the company is Rs. 149.62 crore.

The promoters holding in the company stood at 71.94%, while Non-Institutions held 28.06% stake in the company.

JTL Infra has commenced commercial production at recently acquired Mandi Gobindgarh Manufacturing Facilities. Addition of these ready to use manufacturing facilities at Mandi Gobindgarh shall strengthen company’s market share in Northern Region market. The company is expecting that with these add-on Mandi Gobindgarh facilities, revenue of the Company shall be increased by approximately Rs 200 crore on annual basis.

JTL Infra is an India-based company engaged in manufacture and sale of ERW Black and Galvanized steel pipes and Tubes, hollow sections and structural steel that are used in engineering and construction projects.

Laurus Labs has signed definitive agreements to acquire a majority stake in Richcore Lifesciences (Richcore). Richcore, a fast-growing biotech company based in Bengaluru with its advanced R&D and manufacturing facilities, develops and manufactures biotech products critical for manufacturing biological drugs. Richcore also helps its global customers to develop and scale-up their bioprocesses by providing contract research, development, and manufacturing services.

JTL Infra has commenced commercial production at recently acquired Mandi Gobindgarh Manufacturing Facilities. Addition of these ready to use manufacturing facilities at Mandi Gobindgarh shall strengthen company’s market share in Northern Region market. The company is expecting that with these add-on Mandi Gobindgarh facilities, revenue of the Company shall be increased by approximately Rs 200 crore on annual basis.

Cochin Shipyard is building two autonomous electric vessels with zero carbon emission for a Norwegian company. The production of the vessels began with a plate-cutting ceremony organised virtually at the company. The two vessels are being built for ASKO Maritime AS, Norway. The company signed contracts for construction and supply of the two autonomous electric ferries for the Norwegian company with an option to build two more identical vessels in July 15 this year.

Union Bank of India’s board has approved raising of equity capital up to Rs 6,800 crore (including premium, if any) during 2020-21 by way of various modes such as Public lssue (i.e. Follow-on Public Offer) and/or Rights Issue and/or Private Placements, including Qualified Institutions Placement and/or Preferential Allotment to the Government of India. The Board of Directors of the bank in its meeting held on November 25, 2020, has approved the same. Extraordinary General Meeting (EGM) for taking shareholders' approval in this regard will be held on December 30, 2020.

HDFC Bank has signed memorandum of understanding (MoU) with Inventivepreneur Chamber of Commerce & Industries (ICCI) to support SMEs and Start-ups. Through this association, ICCI will engage, enroll and support various Startups /SMEs /MSMEs to facilitate inter-alia financial and other facilities to/from HDFC Bank. HDFC Bank may offer bank accounts to Startups that are supported by Inventivepreneur and recommended by Inventivepreneur.

Shriram Transport Finance Company (STFC) has raised Rs 100 crore by issuing bonds on private placement basis. The allotment committee of the company in its meeting held on November 25, 2020, has approved and allotted senior secured rated, listed principal protected market linked redeemable Nonconvertible debentures (NCD) on Private placement basis for an issue size of Rs 75 crore plus green shoe option of Rs 25 crore.

Shradha Infraprojects’ wholly owned subsidiary -- Active Infrastructure has resumed the construction work for NIT situated at Rangilal Marg, Mangaiwari Bazar, Nagpur having Land area of around 5290 Sq. Meter. The total construction area of the said project will be around 19000 Sq. Meter. 

JTL Infra has commenced commercial production at recently acquired Mandi Gobindgarh Manufacturing Facilities. Addition of these ready to use manufacturing facilities at Mandi Gobindgarh shall strengthen company’s market share in Northern Region market. The company is expecting that with these add-on Mandi Gobindgarh facilities, revenue of the Company shall be increased by approximately Rs 200 crore on annual basis.

JTL Infra is an India-based company engaged in manufacture and sale of ERW Black and Galvanized steel pipes and Tubes, hollow sections and structural steel that are used in engineering and construction projects.