JTL Industries Secures ₹26.7 Crore GI Pipes Order; Shares Fall Nearly 5%

Mumbai, June 10: JTL Industries received an order worth ₹26.7 crore from Himachal Pradesh State Civil Supplies Corporation Limited for supply of galvanised iron (G.I.) pipes.

The company disclosed the development through a press release submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the company, the order involves supply of approximately 3,425 metric tonnes of G.I. pipes for water supply and distribution projects being undertaken by the Jal Shakti Vibhag in Himachal Pradesh.

JTL Industries said the latest contract reflects its growing participation in water infrastructure and government-led utility projects.

The company added that the order further strengthens its revenue visibility and reinforces its position in the steel pipe manufacturing segment catering to infrastructure applications.

Stock Market Snapshot

JTL Industries share price traded sharply lower despite the company announcing the fresh order inflow.

The stock was trading at ₹70.80, down 4.81%, as of 15:19 IST on June 10, 2026, according to market data.

JTL Industries share price remained under pressure amid broader weakness in small-cap industrial and metal counters, even as investors tracked the company’s order book expansion and infrastructure-linked demand outlook.

Market participants continued monitoring steel tube and pipe manufacturers benefiting from ongoing investments in water distribution, irrigation and urban infrastructure projects.

Water Infrastructure Demand Supports Pipe Manufacturers

The company said India’s increasing investments in water infrastructure and distribution networks continue to create opportunities for steel pipe manufacturers.

JTL Industries manufactures structural steel tubes and pipe products catering to infrastructure, industrial and construction applications across domestic and international markets.

According to the company, its manufacturing capabilities and distribution network position it to participate in large-scale government and institutional projects.

The company also highlighted multiple certifications and compliance standards supporting its product portfolio across infrastructure-focused applications.

Infrastructure Spending Remains Key Sector Driver

Government spending on water distribution and pipeline infrastructure has continued to support demand for galvanised iron pipes and related steel products.

The latest order from Himachal Pradesh State Civil Supplies Corporation reflects ongoing procurement activity linked to public utility and water supply expansion projects across states.

Source:

• https://www.nseindia.com/get-quote/equity/JTLIND/JTL-INDUSTRIES-LIMITED
• https://nsearchives.nseindia.com/corporate/JTLIND_10062026141458_PressRelease10062026.pdf