JTL Industries Signs MOU with RCI for Copper Production

JTL Industries has received approval from the National Company Law Tribunal (NCLT) to commence operations at the RCI Industries & Technologies plant. The company has entered into a Memorandum of Understanding (MoU) with RCI for the production of up to 200 metric tonnes (MT) of Copper per month and brass alloys through job work.

RCI Industries: A Key Manufacturing Hub

Established in 1992, RCI Industries & Technologies is a publicly listed entity with a market capitalisation of ₹9 crore. The company operates a manufacturing facility in Baddi, Himachal Pradesh, covering 27,000 square metres. This plant has an installed production capacity of 15,000 metric tonnes per annum (MTPA) for copper and brass strips, of which up to 6,000 MTPA is allocated for value-added products based on market demand.

Strategic Expansion and Future Prospects

JTL Industries’  decision to collaborate with RCI aligns with its broader expansion strategy, particularly in the defence manufacturing sector. The company aims to leverage this facility to produce essential non-ferrous metal products, including bullet casings. With India’s focus on self-reliance under the “Make in India” initiative, JTL views this acquisition as a significant step towards strengthening its position in the domestic supply chain. Upon final NCLT approval, the plant will come under JTL’s complete ownership and is expected to contribute substantially to its revenue by the financial year 2027.

JTL Industries Share Performance

As of February 24, 2025, at 11:20 AM, the shares of JTL Industries are trading at ₹91.05 per share, reflecting a decline of 0.04% from the previous closing price. Over the past month, the stock has registered a loss of 13.13%.

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