Acquisitions23 Feb 2026, 07:23 pm
JTL Industries Ltd Acquires 47.97% Stake in Powersol Metalcraft Limited for Rs. 8.10 Crores
AI Summary
JTL Industries Ltd, a leading steel pipes manufacturer, has announced the acquisition of 47.97% equity share capital of Powersol Metalcraft Limited (PML) in a recent board meeting. The acquisition, valued at Rs. 8.10 Crores, aligns with JTL's strategic objective of expansion and long-term value creation. PML, a manufacturer of Hot Rolled Steel Sections, will become an Associate Company of JTL Industries Limited as per the provisions of the Companies Act, 2013. The acquisition is expected to foster a synergistic and mutually advantageous association that supports JTL's strategic roadmap and future expansion plans.
Key Highlights
- JTL Industries Ltd acquires 47.97% stake in Powersol Metalcraft Limited for Rs. 8.10 Crores
- Powersol Metalcraft Limited is a manufacturer of Hot Rolled Steel Sections
- PML will become an Associate Company of JTL Industries Limited
- The acquisition aligns with JTL's strategic objective of expansion and long-term value creation
- The transaction is expected to foster a synergistic and mutually advantageous association