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IFGL Refractories’ arm acquires 100% shareholding of Sheffield Refractories

25 Feb 2023 Evaluate

IFGL Refractories’ step-down and wholly owned subsidiary in UK -- Monocon International Refractories has completed the acquisition of 100% shareholding of Sheffield Refractories (SRL). SRL is a manufacturer and installer of Monolithic Refractory products with a specific interest in Blast Furnace Cast House products, Shotcreting materials and an extensive range of other specialist Monolithic product for use in the Iron and Steel, Cement, Incineration and Waste to Energy Industries.

Outside of India, the Company has manufacturing facilities in China, Germany, UK and USA (hereon 'Group'). The acquisition of SRL is an important milestone and forms part of an overall strategy that will see the Group grow both organically and inorganically. There is a substantial focus on developing a broader range of technology, products and markets.

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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