Chandigarh, February 21, 2025 – JTL Industries Limited (BSE: 534600, NSE: JTLIND, MSEI: JTLIND), a leading manufacturer of steel tubes and pipes, has officially commenced operations at the plant of RCI Industries & Technologies Limited. This development follows an agreement under which JTL will produce up to 200MT/month of copper and brass alloys through a job-work arrangement.
Key Highlights:
- Strategic Expansion: The agreement enables JTL to expand into non-ferrous metals, particularly copper and brass alloy production.
- RCI Plant Details: Located in Baddi, Himachal Pradesh, the facility spans 27,000 sq. meters with a total installed capacity of 15,000 MTPA for copper and brass strips, including 6,000 MTPA for value-added products.
- Growth in the Defense Sector: JTL aims to leverage this expansion for supplying bullet casings and other critical non-ferrous metal components to the defense sector under the "Make in India" initiative.
Management Commentary
The company’s management expressed enthusiasm about the operational commencement, stating:Strategic Outlook
With the formalization of this acquisition post-NCLT approval, JTL expects the RCI plant to contribute significantly to its revenue by FY27. The expansion aligns with the company’s vision to diversify its product portfolio and cater to high-demand sectors, including infrastructure and defense.About JTL Industries Limited
JTL Industries Limited is one of India's fastest-growing steel tube manufacturers, with facilities in Punjab, Maharashtra, and Chhattisgarh, boasting a cumulative capacity of 686,000 MTPA for pipe manufacturing and 300,000 MTPA for backward integration. As a Star Export House, JTL offers a diverse range of galvanized, pre-galvanized, and MS black pipes, catering to industrial and infrastructure applications.This expansion marks a significant step for JTL, reinforcing its strategic vision and market leadership in steel and non-ferrous metal manufacturing.