JTL Industries has secured National Company Law Tribunal’s (NCLT’s) approval to acquire RCI Industries & Technologies. This value-accretive acquisition is expected to open new avenues and pave the way for entry into new niche markets - primarily defense components and supply of bullet shells and coin-related components to Mint Factory.
The company had entered an MOU with RCI during Q4FY25 for production of up to 200MT/month of copper and brass alloys via job-work. With this approval the plant now comes under complete ownership of the company and is expected to significantly contribute to the topline by FY27.
JTL Industries is amongst the fastest growing steel tube manufacturers, with a Registered office located in Chandigarh. The company has manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh.
