JTL Industries has been granted permission by the National Company Law Tribunal (NCLT) to commence operations at the RCI Industries & Technologies plant. 

JTL has entered into an MOU with RCI for production of up to 200MT/month of copper and brass alloys via job-work.

This strategic acquisition was entered into considering JTL's goals to expand across new sectors, particularly defense supplies. 

As India is focused on self-reliance and indigenous manufacturing through initiatives like "Make in India," JTL recognized the acquisition as an opportunity to supply bullet casings and other non-ferrous metal products critical to the defense sector.

Once the transaction closure is approved by the NCLT, this plant will be under complete ownership of JTL and is expected to significantly contribute to the topline by FY27.