JTL Industries acquires RCI Industries after NCLT approval

JTL Industries Limited announced on October 13, 2025, that it has received NCLT approval for the acquisition of RCI Industries & Technologies Limited. The transaction, valued at Rs. 46.5 crores, is fully funded through internal accruals and recently raised capital, and is expected to significantly contribute to JTL's topline by FY27 and enhance earnings.

This strategic move allows JTL to diversify its product portfolio with flat and round non-ferrous metal products, particularly copper, brass, and special alloys. RCI Industries, with its manufacturing plant in Baddi, Himachal Pradesh, boasts an installed capacity of 18,000 MTPA for brass and copper strips, and 2,000 MTPA each for copper wires and cables. Up to 6,000 MTPA can be dedicated to value-added products.

The acquisition is anticipated to open new avenues in niche markets, including defense components and the supply of bullet shells and coin-related components to the Mint Factory, aligning with India's "Make in India" initiative. JTL plans capital infusion, capacity expansion, technological upgrades, and leveraging its B2B and export networks for RCI Industries.