JTL Industries shares jumped 6.2 per cent on BSE, logging an intra-day high at ₹72.2 per share. At 12 PM, JTL Industries’ share price was up 1.75 per cent on BSE at ₹69.12 per share. In comparison, the BSE Sensex was down 0.33 per cent at 82,052.42.
The market capitalisation of the company stood at ₹2,640.67 crore. The 52-week high was at ₹112.07 per share, and the 52-week low was at ₹59.7.
What led to a surge in JTL Industries’ shares?
The buying on the counter came after the National Company Law Tribunal (NCLT) approved the company’s proposal to acquire RCI Industries & Technologies.
JTL had entered a memorandum of understanding (MoU) with RCI during Q4FY25 for the production of up to 200MT/month of copper and brass alloys via job-work. With this approval, the plant now comes under complete ownership of JTL and is expected to significantly contribute to the topline by FY27.
This value-accretive acquisition is expected to open new avenues and pave the way for entry into new niche markets – primarily defense components and supply of bullet shells and coin-related components to Mint Factory.
“The acquisition of RCI Industries & Technologies Ltd. is a strategically important step in JTL’s evolution. It offers us an immediate and well-structured entry into the high-potential copper and non-ferrous metals segment—sectors witnessing rising demand from infrastructure, electrical, and defence applications. The approval for this acquisition serves as a tool to diversify and expand our presence across new metals, new markets, and new product categories,” said JTL Industries.
Strategic rationale:
- Expanded product mix:RCI’s operational base in Baddi and its legacy portfolio of copper products will allow JTL Industries to diversify into value-added offerings and serve multiple niche segments.
- Reduced cyclicality: The addition of copper products is expected to lessen JTL Industries’ reliance on the cyclical nature of steel prices, thereby supporting more stable margins.
- Capacity and capability boost: The acquisition brings both increased production capacity and enhanced manufacturing capabilities to JTL Industries’ platform.
