In a bid to increase its production capacity and modernise plants, Vienna-based RHI Magnesita is all set to invest Rs 3,600 crore in the Indian market over the next two to three years. In this regard, the company has utilised a part of the Rs 3,600 crore capital expenditure to acquire two refractory assets in India. The RHI Magnesita group will do the capital infusion through its subsidiary RHI Magnesita India. The company recently completed the acquisition of Dalmia OCL and the refractory business of Hi-Tech Chemicals for Rs 1,708 crore and Rs 621 crore, respectively.
RHI Magnesita India offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele.
Company Name | CMP |
---|---|
RHI Magnesita | 669.00 |
Vesuvius India | 5522.85 |
IFGL Refractories | 622.00 |
Orient Ceratech | 47.16 |
Morganite Crucible(I | 1575.00 |
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