JTL Industries Limited, one of India’s fastest-growing steel tube manufacturers, has received approval from the National Company Law Tribunal (NCLT), New Delhi, to acquire RCI Industries & Technologies Limited through the resolution process.

The acquisition marks a strategic move for JTL, enabling its entry into the high-growth copper and non-ferrous metals segment—key materials for infrastructure, electrical, and defence applications. RCI’s manufacturing base in Baddi, Himachal Pradesh, spans 27,000 sq. metres and has a total installed capacity exceeding 22,000 MTPA across copper, brass, and alloy products.

“The acquisition of RCI Industries is a strategically important step in JTL’s evolution,” the management said. “It diversifies our presence into new metals and markets, adding both capacity and capability while stabilising margins and enhancing value-added products.” The Rs 465 million transaction, fully funded through internal accruals and recently raised capital, is expected to contribute significantly to JTL’s topline and earnings by FY27. The move also supports JTL’s diversification into defence components, including bullet shells and coin-related materials for Mint Factory.

Under JTL’s leadership, RCI will undergo capacity expansion, technological upgrades, and product integration across sectors such as EVs, renewables, and defence manufacturing.