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IFGL Refractories to invest Rs 70 crore by FY23 in three manufacturing plants

21 Aug 2021 Evaluate

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. 

IFGL Refractories Share Price

181.60 2.30 (1.28%)
17-Apr-2026 16:59 View Price Chart
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