JTL Industries has received approval from the National Company Law Tribunal (NCLT) to commence operations at the RCI Industries & Technologies Limited plant. A Memorandum of Understanding (MOU) has been signed to produce up to 200MT per month of copper and brass alloys through job-work.
Established in 1992, RCI Industries & Technologies Limited is a publicly listed company with a market capitalization of Rs. 9 crores. The state-of-the-art manufacturing facility in Baddi, Himachal Pradesh, spans 27,000 sq. meters and boasts an impressive installed capacity of 15,000 MTPA for copper and brass strips. Of this, up to 6,000 MTPA can be allocated to high-value products based on market demand.
This strategic expansion aligns with India’s push for self-reliance and indigenous manufacturing through the “Make in India” initiative. With a focus on diversifying into new sectors, particularly defense supplies, this acquisition creates opportunities to manufacture bullet casings and other critical non-ferrous metal products essential for the defense industry.
Once the final transaction closure receives NCLT approval, full ownership of the Baddi plant will transition, unlocking significant growth potential. The integration of this facility is projected to enhance revenue streams, with a substantial impact on the topline by FY27.
