JTL Industries Completes INR 46.5 Crore Acquisition of RCI
Filing Summary
JTL Industries Ltd has finalized the acquisition of RCI Industries & Technologies Limited by completing a full payment of INR 46.5 crores. This transaction, approved by the Hon’ble NCLT New Delhi, marks a significant step in JTL’s strategic expansion into the copper products segment. The acquisition includes the transfer of management control to JTL, as confirmed by the RCI Monitoring Committee. This move is part of JTL’s broader strategy to diversify its product offerings and strengthen its market position in metal-based solutions.
JTL Industries Ltd has completed the acquisition of RCI Industries & Technologies Limited by making a full payment of INR 46.5 crores. This payment is in accordance with the Resolution Plan approved by the Hon’ble NCLT New Delhi. The completion of this financial transaction has led to the transfer of management control of RCI to JTL Industries, as confirmed by the Monitoring Committee of RCI in its meeting on November 20, 2025.
The acquisition involved a total consideration of INR 46.5 crores, which has been fully paid by JTL Industries. This payment fulfills the financial obligations outlined in the Resolution Plan, allowing JTL to assume control over RCI’s operations. The transaction was executed following the regulatory requirements set by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
With this acquisition, JTL Industries expands its product portfolio to include copper products, marking its entry into this segment. The integration of RCI’s capabilities is expected to enhance JTL’s offerings in metal-based solutions. The acquisition aligns with JTL’s strategy to diversify its product range and strengthen its market presence. The addition of copper products is intended to complement JTL’s existing portfolio, which includes ERW Black Pipes, Pre-Galvanized and Galvanized Steel Pipes, and large diameter tubes and pipes.
The acquisition process was overseen by the Monitoring Committee of RCI, which reinstated the Powers of the Board of Directors to JTL Industries. This development follows the completion of the payment and the approval of the Resolution Plan by the NCLT. The acquisition is part of JTL’s broader strategy to achieve disciplined growth and strategic diversification in its operations.
The management of JTL Industries has expressed satisfaction with the completion of the acquisition process. The company views this as a strategic move to enhance its value proposition to customers by offering a broader range of materials. The integration of RCI’s capabilities is expected to support deeper value-chain integration and contribute positively to JTL’s growth and profitability.
JTL Industries Ltd is a steel tube manufacturing company specializing in producing ERW Black Pipes, Pre-Galvanized and Galvanized Steel Pipes, large diameter tubes and pipes, and hollow sections. The company focuses on strategic expansion and diversification to enhance its product offerings and market presence. JTL aims to become a comprehensive solutions provider in the metal-based solutions industry.