Jai Balaji Industries plans to produce 4-4.5 lakh tonnes of ductile iron (DI) pipes and 1.5 lakh tonnes of ferro alloys by the end of financial year 2025 (FY25). Aditya Jajodia, Chairman of Jai Balaji, said that major capital expenses are mostly done, and part of the new capacity will start operating in September, allowing for six months of full production.
The company aims to double its ferro alloys volume in FY24 and nearly double DI pipes production to 4.5 lakh tonnes from 2.39 lakh tonnes previously. Jajodia also mentioned that the promoter stake will rise to 64% after the recent warrant conversion.
“The company is performing well, expanding, and will soon be debt-free,” he said. Jai Balaji Industries is a leading manufacturer of DI pipes and ferro alloys in Eastern India, operating four units in West Bengal and Chhattisgarh. The company also has power plants with a total capacity of 101.1 megawatts (MW).
In Q1 FY25, Jai Balaji reported a 16% increase in revenue, reaching ₹1,718 crore compared to ₹1,483 crore in Q1 FY24. Operating profit jumped 54% to ₹316 crore from ₹206 crore. Other expenses rose by 18% to ₹313 crore from ₹265 crore.
Profit After Tax (PAT) increased by 23% to ₹209 crore from ₹170 crore. Other income grew by 22% to ₹9.5 crore from ₹7.8 crore, while finance costs fell by 26% to ₹15.77 crore from ₹21.2 crore. Jai Balaji Industries Limited is a steel manufacturing company based in India. Established in 1999, the company has grown to become one of the leading players in the steel sector, producing a wide range of steel products such as sponge iron, pig iron, ferroalloys, alloy and mild steel billets, TMT bars, ductile iron pipes, and wire rods.
The company has strategically located manufacturing plants in West Bengal, Jharkhand, and Chhattisgarh, allowing it to efficiently serve both domestic and international markets. Jai Balaji Industries is known for its commitment to quality and sustainability, continually investing in advanced technology and environmentally friendly practices to ensure high standards in production and operations. With a strong focus on innovation and customer satisfaction, Jai Balaji Industries continues to play a vital role in the growth and development of the Indian steel industry.
