JTL Infra announced that its sales volume performance for the quarter and year ended 31 March 2021.
The Company registered a healthy sales volume of 38,715 Metric Tonne in Q4 FY21.
The volume increased by 98.42% QoQ and 66.41% YoY. Whereas it registered a robust growth of 73.66% on yearly basis, sales volume of FY21 is 82,710 Metric Tonne as compared to 47,627 Metric Tonne in FY20.
The companys newly commissioned Mangaon Plant along with recently acquired Mandi Gobindgarh plant are contributing to the sales in significant way, leading the additional growth.
Other developments:
X The Board of Directors of the Company, to augment the long-term resources of the Company and to fund the ongoing capex, future expansion and working capital margin, during the quarter ended March 31, 2021 allotted 25,00,000 fully convertible warrants, on preferential basis, pursuant to members approval obtained for this purpose.
X In line with the Companys well-thought-out long-term business strategy of consolidation of existing businesses and geographically diversifying and expanding its manufacturing footprint in emerging markets across India.
a) completed the integration of recently acquired manufacturing facility at Mandi Gobindgarh, Punjab with the Companys businesses.
b) scaled up the production at Mangaon Plant - companys newly commissioned state of the art manufacturing facilities, already having installed capacity of 1 Lacs MTPA and trial production for another 1 Lac MTPA capacity is expected shortly.
c) expanding its product offering in other products segments to reduce its dependency on hot-dipped Galvanised Pipes.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU