JTL Industries Receives NCLT Nod for RCI Industries Acquisition

16 Oct 2025 CW Team

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.

Infrastructure Urban

16 Oct 2025

Shivraj Singh Chouhan inaugurates ICAR-IIMR admin block in Ludhiana

Union Agriculture Minister Shri Shivraj Singh Chouhan recently inaugurated the administrative building at the Indian Council of Agricultural Research – Indian Institute of Maize Research (ICAR-IIMR) in Ludhiana, Punjab. During the visit, he interacted with maize stakeholders, farmers, rural development scheme beneficiaries, and women self-help group (SHG) members. He said that under the leadership of Prime Minister Narendra Modi, the government’s key goals include boosting foodgrain production, reducing input costs, and improving farmers’ incomes. He highlighted the importance of div..

Google to Build Rs 10,000 Cr Data Centre in Visakhapatnam

In a major boost to India’s digital infrastructure, Google will establish a 1-GW hyperscale data centre and Artificial Intelligence (AI) hub in Visakhapatnam, Andhra Pradesh. The project, valued at Rs 100 billion, is expected to significantly contribute to the state’s economy and create more than 20,000 direct and indirect employment opportunities. Union Minister of State for External Affairs and Education, Dr Pemmasani Chandrasekhar, highlighted that this landmark investment by Google will help position Andhra Pradesh as a prominent digital hub under the “Swarandhra Pradesh” vision. ..

TCIL honoured with HR Excellence Award 2025

Telecommunications Consultants India Limited (TCIL), a Miniratna Schedule ‘A’ PSU under the Department of Telecommunications, has been honoured with the HR Excellence Award at the Fortune Leadership Awards 2025, held at Radisson Blu Plaza, Delhi. The accolade acknowledges TCIL’s outstanding HR practices promoting employee development, innovation, and inclusivity. The award was presented by Dr. Dinesh Upadhyay, Former Member, Ministry of AYUSH, and Shri M. S. Nethrapal, IRS, and received by Shri P. Suresh Babu, CGM (HR), in the presence of distinguished leaders from various sectors. Bet..