Jai Balaji Industries Limited has formally announced the commencement of commercial production for its new OPVC (Oriented Polyvinyl Chloride) pipes, tubes, and fittings segment as of February 2, 2026. This milestone follows the company’s strategic intimation on May 12, 2025, regarding its portfolio expansion beyond its traditional iron and steel business. The new production line, which began operations at an installed capacity of 1,200 tonnes per annum, marks a significant step in the company’s diversification efforts.

The venture into OPVC products is designed to complement the company’s existing Ductile Iron (DI) pipe business by serving low-pressure applications in infrastructure and water management. OPVC pipes are recognized for superior mechanical properties, including enhanced strength and durability, making them highly suitable for irrigation and industrial piping systems. This strategic move allows Jai Balaji Industries to capitalize on growing domestic demand driven by government initiatives such as the Jal Jeevan Mission and AMRUT 2.0.

Jai Balaji Industries is a leading integrated steel manufacturer in Eastern India, producing value-added products like DI pipes, specialized ferroalloys, and TMT bars. In 2025, the company received a significant credit rating upgrade from CRISIL to ‘BBB+/Stable’, reflecting improved financial flexibility and sustained operating performance. Throughout the year, the company focused on reducing debt and expanding its DI pipe capacity, which reached 5.04 lakh tonnes per annum. Despite facing market realization pressures in the steel sector, the company maintained a strong order book of 1.45 lakh tonnes for its DI pipe segment.

For the quarter ended September 30, 2025, the company reported a revenue from operations of ₹1,353.35 Crores, representing a 13.4% decline compared to the corresponding quarter of the previous year. The net profit for the same period stood at ₹26.48 Crores, a sharp 82.7% decrease Year-on-Year. The company’s shareholding pattern as of late 2025 shows a promoter holding of 64.84%, while institutional investors including the Government Pension Fund Global and various Vanguard and iShares ETFs hold stakes in the company. Notably, the company’s debt-to-equity ratio significantly improved to 0.28 in early 2025 due to consistent debt repayment.