JTL Industries

JTL Industries Limited announced the launch of Continuous Cast (CC) Copper as a new product in its non-ferrous portfolio. The company currently produces approximately 100 metric tonnes of brass per month and expects total monthly production to double to around 200 metric tonnes with the addition of CC Copper. JTL plans to ramp up total production to 500 metric tonnes per month by the end of Q4. The CC Copper product achieves a thickness of 0.08 mm and targets applications in electric vehicles, renewable energy, and infrastructure sectors including battery connectors, solar panels, and power distribution systems. The company's existing brass products are manufactured at 18 mm thickness and processed down to 0.04 mm. JTL Industries is a steel tube manufacturer with facilities in Punjab, Maharashtra, and Chhattisgarh, having a cumulative capacity of approximately 936,000 MTPA for pipe manufacturing.

JTL Industries Limited has received approval from the National Company Law Tribunal (NCLT) in New Delhi for the acquisition of RCI Industries & Technologies Limited through a resolution process. The transaction, valued at Rs 46.5 crores, is fully funded through internal accruals and recently raised capital. JTL had entered an MOU with RCI during Q4FY25 for production of up to 200MT/month of copper and brass alloys via job-work. The acquisition brings RCI's manufacturing plant in Baddi, Himachal Pradesh, which spans 27,000 sq. meters with an installed capacity of 18,000 MTPA for brass & copper strips, 2,000 MTPA for copper wires, and 2,000 MTPA for copper cables. RCI manufactures diversified copper, brass, stainless steel, and special alloy products, serving clients including Havells, Technocraft Industries, Finolex, KDDL Ltd., and the defence sector. The acquisition allows JTL to enter new niche markets, particularly defense components and supply of bullet shells and coin-related components to Mint Factory. Management expects the acquisition to significantly contribute to topline by FY27 and reduce dependence on cyclical steel prices while supporting more stable margins.

JTL Industries Limited has received approval from the National Company Law Tribunal, New Delhi for its resolution plan to acquire RCI Industries & Technologies Limited through a Corporate Insolvency Resolution Process. The NCLT order was dated October 9, 2025. JTL will acquire 95% shareholding in RCI for an upfront cash payment of Rs 46.50 crores, with completion required within 60 days of the NCLT approval. RCI is a BSE-listed company incorporated in 1992 that manufactures diversified copper, brass, aluminum, stainless steel and special alloy products. RCI operates a manufacturing plant in Baddi, Himachal Pradesh with installed capacity of 18,000 MTPA for brass & copper strips and 2,000 MTPA for copper wires and cables. The acquisition will allow JTL to broaden its portfolio with flat and round non-ferrous metal products, particularly copper, strengthening its market position in the non-ferrous sector. RCI's turnover has declined significantly from Rs 1,642.36 crores in 2018-19 to Rs 1.18 crores in 2024-25.