JTL Industries finalizes RCI Technologies acquisition payment

JTL Industries Limited announced on November 21, 2025, the completion of the full payment of INR 46.5 crores for the acquisition of RCI Industries & Technologies Limited. This payment was made as per the Resolution Plan approved by the Hon'ble NCLT New Delhi. Following the payment, the Monitoring Committee of RCI, during its 4th Meeting on November 20, 2025, transferred RCI’s management to JTL Industries by reinstating the powers of the board of directors.

This strategic move marks the concluding step in JTL's acquisition process, which is set to significantly expand its product ecosystem by entering the copper products segment. The company anticipates this will strengthen its market position, enhance its metal-based solutions, and open new opportunities in sectors with increasing demand for high-quality copper components.

JTL Industries highlighted that the acquisition supports backward and forward value-chain enhancement and aligns with its vision to become a diversified, multi-material solutions provider driven by innovation, operational excellence, and strong financial discipline.