New Delhi, Feb. 21 -- JTL Industries share price gained over 2% on Friday after the company announced the commencement of operations at RCI's plant. JTL Industries shares rallied as much as 2.09% to Rs.92.59 apiece on the BSE.

JTL Industries announced that the company has been granted permission by the National Company Law Tribunal (NCLT) to commence operations at the RCI Industries & Technologies Limited (RCI) plant. JTL entered into an MOU with RCI for production of up to 200 MT per month of copper and brass alloys via job-work.

RCI Industries & Technologies' manufacturing plant in Baddi, Himachal Pradesh spans 27,000 sq. meters, boasting an installed capacity of 15,000 MTPA for copper and brass strips. Of this, up to 6,000 MTPA can b...