JTL Industries Shares Gain 3.12% After NCLT Nod for RCI Industries Acquisition

Chandigarh, October 14: JTL Industries Limited’s share price is on the rise today, after the company announced that it has received approval from the National Company Law Tribunal (NCLT), New Delhi, for the acquisition of RCI Industries & Technologies Ltd through an insolvency resolution process.

As of 10:10 AM, the shares of the company were up by 3.12%, or 2.12 points, and were trading at ₹70.05. Until now, the shares have traded within a range of ₹71.18 and ₹69.57. The traded volume stood at 9.92 lakh shares, with the company’s market cap at ₹2,595 crore. The shares have their 52-week high at ₹112.10 and their 52-week low at ₹59.77.

JTL Industries Limited is an Indian company that manufactures electric resistance-welded steel pipes and tubes. It was established in 1991 and is headquartered in Chandigarh, Punjab.

NCLT Nod for RCI Industries Acquisition

JTL Industries Limited has received approval from the National Company Law Tribunal (NCLT) in New Delhi to acquire RCI Industries & Technologies Ltd. The transaction is valued at ₹46.5 crore and will be funded through a mix of internal accruals and recently raised capital. This acquisition includes RCI’s manufacturing plant in Baddi, Himachal Pradesh, which has an installed capacity to produce 18,000 MTPA of brass and copper strips, 2,000 MTPA of copper wires, and 2,000 MTPA of copper cables. The plant serves key customers such as Havells, Finolex, Technocraft Industries, KDDL Ltd., and the Defence sector.

Strategically Important Step

JTL Industries called the move a “strategically important step” in its diversification beyond steel into the copper and non-ferrous metals segment. It cited growing demand from the infrastructure, electrical, and defence industries. JTL also said the integration will be seamless and value-accretive. It will also leverage its existing B2B network and export channels to improve its procurement, logistics, and R&D.

“The acquisition of RCI Industries & Technologies Ltd. offers an immediate and well-structured entry into the high-potential copper and non-ferrous segment. It strengthens our value-added product mix and supports more stable margins. This is a long-term value-accretive step for all stakeholders,” the management said in its release.

REF: https://nsearchives.nseindia.com/corporate/JTLIND_13102025223703_Final_PR_for_Acquisition_of_RCI_13102025Signed.pdf

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