IFGL Refractories is eyeing an overall growth of 10-20 percent for FY15. The company is tripling its capacity at IFGL Exports, a subsidiary of the company, located at Kandla SEZ, Gujarat, in phases and is also looking to double its capacity in the US.
The Gujarat plant has a capacity of 80,000 pieces for isostatically pressed products and the company is doubling the capacity, which should complete in the first quarter of 15/16. The US plant which also manufactures the same range of products where the capacities are around 80,000 pieces is going to be doubled and that should complete in the current financial year. The company is estimating the project cost to be about $2.5 million.
IFGL Refractories is the flagship company of S K Bajoria Group. It is engaged in the manufacture of specialized refractories and requisite operating systems for the Steel Industry.
