IFGL Refractories is planning to invest Rs 70 crore by FY23 in three manufacturing plants to enhance capacity and productivity. The ongoing capex will boost its performance in both profitability and revenue.
The company has acquired 10 acre of land in Visakhapatnam for manufacturing of new products including monolithics and precast shapes. In two phases Rs 50 crore capex will be deployed. The Kandla expansion and debottlenecking of Odisha units will entail an investment of Rs 10 crore each. The Rs 30 crore first phase of the Vizag project is expected to be completed in Q2FY22 and phase 2 is expected to be completed by Q2FY23 where Rs 20 crore will be pumped in.
IFGL Refractories is primarily engaged in the manufacturing, trading and selling of Refractory items used in Steel plants. The company also provides services in relation to refractory goods.
| Company Name | CMP |
|---|---|
| RHI Magnesita | 401.95 |
| Vesuvius India | 499.65 |
| IFGL Refractories | 181.60 |
| Orient Ceratech | 43.25 |
| Foseco Crucible Ind | 1526.25 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: