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.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: