JTL Industries Limited has successfully completed its acquisition of RCI Industries & Technologies Limited following the allotment of equity shares and handover by the Monitoring Committee. This strategic acquisition strengthens JTL's position in the non-ferrous metal sector through the NCLT-approved resolution plan.

Acquisition Completion Details

About RCI Industries

RCI Industries & Technologies Limited, incorporated on January 7, 1992, is a BSE-listed company specializing in manufacturing diversified copper, brass, aluminum, stainless steel, and special alloy products. The company operates manufacturing facilities in Baddi and Nalagarh, Himachal Pradesh, with a combined capacity exceeding 22,000 MTPA for copper and brass products.

Production Capabilities

Financial Performance Context

RCI Industries faced significant financial distress leading to the Corporate Insolvency Resolution Process (CIRP) initiated in November 2022. The company's recent financial performance shows:

Strategic Benefits

This acquisition enables JTL Industries to:

1. Portfolio Diversification: Broaden product range with flat and round non-ferrous metal products, particularly copper
2. Market Expansion: Strengthen market position in the non-ferrous sector
3. Industrial Coverage: Meet wider range of industrial demands across automotive, engineering, electrical, defense, and construction sectors
4. Global Reach: Access established customer networks in Middle East and African markets

Resolution Plan Implementation

The acquisition was completed through a resolution plan approved by the National Company Law Tribunal, New Delhi. Post-approval, the target company was successfully handed over to JTL Industries by the Monitoring Committee, marking the completion of the acquisition process under the Insolvency and Bankruptcy Code framework.

JTL Industries has reported its highest half-year volumes for H1 FY26, showcasing resilience in the face of adverse conditions. The company achieved a notable milestone in its operations, demonstrating growth despite environmental challenges.

Record-Breaking Performance

JTL Industries recorded a total volume of 1,82,210 metric tons in the first half of fiscal year 2026. This impressive figure represents a 3.50% increase compared to the same period in the previous year. The growth is particularly noteworthy considering the obstacles faced by the company during this period.

Overcoming Challenges

The company's achievement becomes even more significant when considering the adverse conditions it faced. JTL Industries managed to attain this growth despite encountering flood-related challenges during the period. This resilience underscores the company's operational strength and ability to navigate difficult circumstances.

Performance Overview

To better illustrate JTL Industries' performance, here's a breakdown of the key figures:

This table clearly shows the company's volume growth, highlighting its positive trajectory despite the challenges faced.

The company's ability to achieve record volumes while dealing with flood-related issues demonstrates its operational resilience and effective management strategies. This performance may be indicative of JTL Industries' strong market position and its capacity to maintain growth even in challenging environments.