# JTL Industries acquires 67% stake in Nabha Steels and Metals

JTL Industries has acquired a 67% stake in Nabha Steels and Metals for an undisclosed amount. The acquired plant in Mandi Gobindgarh, Punjab, has an annual production capacity of 200,000 tonnes of steel products.

- Type: Acquisition
- Announced: 2024-04-09
- Where: Mandi Gobindgarh, Punjab, India
- Status: completed
- Capacity: 200,000 tonnes per year
- Products: steel coils, steel billets
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [JTL Industries](https://endata.com/companies/76705.md) (acquirer)
- [Nabha Steels and Metals](https://endata.com/companies/76706.md) (target)

## Sources

- [ndtvprofit.com](https://www.ndtvprofit.com/business/jtl-industries-acquires-67-stake-in-nabha-steels-and-metals-9977510), 2024-04-09: "Nabha Steels and Metals has showcased tremendous revenue growth, increasing from Rs 113 crore in FY23 to Rs 225 crore in FY24."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.