Mumbai, Feb. 21 -- JTL has entered into a Memorandum of Understanding (MoU) with RCI for the production of up to 200 MT/month of copper and brass alloys via job work.
This highly value-accretive strategic acquisition aligns with JTL's goals to expand into new sectors, particularly defense supplies. As India focuses on self-reliance and indigenous manufacturing through initiatives like "Make in India," JTL recognized this 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 come under the complete ownership of JTL and is expected to significantly contribute to the topline by FY27.
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