Acquisitions13 Oct 2025, 10:44 pm
JTL Industries Receives NCLT Approval for Acquisition of RCI Industries
AI Summary
JTL Industries Limited, a fast-growing dynamic steel tube manufacturing company, has received National Company Law Tribunal’s (NCLT’s) approval for the resolution plan submitted to acquire RCI Industries & Technologies Limited. This acquisition is expected to significantly contribute to JTL's topline by FY27, 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 transaction is fully funded through internal accruals and recently raised capital, reflecting JTL's strong balance sheet and prudent financial strategy.
Key Highlights
- JTL Industries receives NCLT approval for the acquisition of RCI Industries & Technologies Limited.
- The acquisition is expected to contribute significantly to JTL's topline by FY27.
- This move 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 transaction is fully funded through internal accruals and recently raised capital.
- The acquisition is a strategically important step in JTL’s evolution, offering an immediate and well-structured entry into the high-potential copper and non-ferrous metals segment.