Nabha Steels and Metals is engaged in the manufacturing of Steel Products such as coils and long steel products such as billets having a manufacturing capacity of 2,00,000 tonnes. The company’s provisional turnover for FY24 is Rs 225.27 crore.

This acquisition will increase JTL's total backward integration capacity from 150,000 tonnes of coils (previously concentrated solely from the Raipur plant) to 250,000 tonnes of coils and 100,000 tonnes of long products, with backward integrated operations now spanning across Chhattisgarh and Punjab.

The said stake in Nabha Steels has been acquired by JTL for a cash consideration of Rs 70 crore.

The management team of JTL Industries stated: "We are excited to share our strategic milestone of acquiring 67% controlling interest in Nabha ...

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