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JTL Industries: Stock jumps 6% after it receives approval to acquire RCI Industries

JTL Industries Ltd received NCLT approval to acquire RCI Industries & Technologies Ltd, gaining full ownership of its Baddi plant and expanding into defense and niche non-ferrous markets.

Introduction

Leading steel and infrastructure solutions firm received NCLT approval to acquire a non-ferrous metals plant in Baddi, Himachal Pradesh, enhancing production capacity and entering defense and niche markets by FY27.

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Share price movement of JTL Industries

On October 14, 2025, JTL Industries Ltd opened at ₹69.50, up 2.28% from its previous close of ₹67.93. The stock reached a high of ₹72.20 (6.28%) and a low of ₹68.75. By 3:40 PM, it traded at ₹69.24, a 1.93% increase, with a market cap of ₹2,645.26 crore.

JTL Industries Secures RCI Acquisition Approval

JTL Industries Ltd has received NCLT approval for its resolution plan to acquire RCI Industries & Technologies Ltd. The acquisition follows an MOU signed in Q4 FY25 for copper and brass alloy production.

With this approval, RCI Industries now comes under full ownership of JTL Industries. The plant in Baddi, Himachal Pradesh, is expected to significantly contribute to JTL’s topline by FY27.

The acquisition will enable JTL Industries to enter niche markets, including defense components, bullet shells, and coin-related components for the Mint Factory.

Stock performance of JTL Industries for Period of 1 week, 6 months, and 1 year

JTL Industries Ltd delivered a -1.34% return over the past week, declined 6.16% in the past six months, and fell 36.2% over the past year.

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Shareholding pattern of JTL Industries

ParticularsSep 2025Jun 2025Mar 2025
Promoter48.90%48.90%48.90%
FII3%4%5%
DII2.20%3.40%3.00%
Public45.50%43.30%43.20%

About JTL Industries

JTL Industries Ltd (JTLIND) is an integrated manufacturer and supplier of steel tubes, pipes, and allied products in India, producing ERW pipes and hollow sections for construction, infrastructure, and structural applications.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is JTL Industries Ltd share price going up today?

A: JTL Industries Ltd has received NCLT approval for its resolution plan to acquire RCI Industries & Technologies Ltd.

Q: What does JTL Industries Ltd specialize in?

A: JTL Industries Ltd specializes in manufacturing and supplying steel tubes, pipes, ERW hollow sections, and allied products for construction and infrastructure.

Q: What is the 52-week high and low of JTL Industries Ltd stock?

A: The 52-week high of JTL Industries Ltd stock is ₹112.07, and the 52-week low is ₹59.70.

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