Orient Ceratech Ltd - Stock Valuation and Financial Performance

Orient Abrasives was set up in 1974, in technical collaboration with Karborundum, Bentueky, Czechoslovakia by the Rajgarhia group of industries as a venture to manufacture Calcined and Fused Alumina products.

The company enjoys the position of being the largest producer of Calcined and Fused Products in India. An ISO 9001 certification and a strong management have led the way for the Company to become a large organization, recognized for its quality offerings.

The company offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele. An in-house R&D facility supports the division’s product development initiatives. This makes OAL the preferred choice for quality products.

Headquartered in New Delhi, India, OAL's manufacturing facilities are located in Porbandar, Gujarat and Bhiwadi, Rajasthan and have the distinction of being ISO - 9001 quality certified.

The Porbandar facility began commercial production in 1974. The plant was setup in technical collaboration with Karborundum Bentueky, Czechoslovakia and is the largest producer of synthetic high alumina materials in India, today.

The current installed capacity of the plant for Fused Aluminum Oxide Grains is 21,000 MT and for Calcined products is 74,250 MT. The company is currently in the process of increasing the installed capacity of Fused Aluminum Grains to 36,000 MT. Currently the plant draws the majority of its power requirements from two furnace oil based captive generator sets. In light of the rising cost of furnace oil the management is setting up a lignite based power plant to meet its current and future power requirements.

The refractory manufacturing facility is based in Bhiwadi, Rajasthan which is located in close proximity to New Delhi. This facility began commercial production in 1986. The division also has an allied plant based in Salem, Tamil Nadu for manufacturing monolithics and some castables are manufactured at the Porbandar, Gujarat plant.

The Bhiwadi facility is spread over 27 acres of land. The refractory facility is divided into 3 independent sub-divisions one each for the manufacture of slide gate plates, continuous casting refractories and castables and pre-cast shapes. The division currently produces more than 20,000 pieces of slide gate plate, 18,000 pieces of Continuous Casting Refractory products and over 2000 tonnes of catables and mortars on a monthly basis.

All the products manufactured by the company are a result of an intensive development effort, which is carried out at the in-house Research and Development facility. This research and development facility is recognised by the Government of India and is fully equipped to carry out all testing and development activities with a wide range of equipment including:

• XRD Equipment
• TG – DTA
• Dialotometer – RTE
• Thermal Conductivity Apparatus
• Creep Tester
• HOMR testing equipment

The key Indian customers procuring the raw materials from the company include:

• Grinding wheel manufacturers including Grindwell Norton (Saint Gobain Abrasives) and Carborundum Universal;
• Refractory manufacturers including Bharat Refractories, Tata Refractories, OCL India, Vesuvius India, Orissa Industries, ACE Refractories, VRW Refarctories, SKG Refractories, IFGL, Sarvesh Refractories and Maithan Ceramics.
• OAL refractory customers include large domestic integrated steel producers and mini steel plants that include Steel Authority of India, Mukund Steel, Tata Iron and Steel Company, RINL – Vizag, Sunflag Iron, Lloyd Steel, Essar Steel and the Jindal Group. With close to 100 small to medium sized iron and steel producing Indian companies as customers, OAL is a preferred vendor for a large number of steel producers in the country.

OAL has significant presence in the global market place with exports to over 16 countries across the globe including Spain, Turkey, Egypt, Indonesia, Saudi Arabia, Thailand and Greece.

Orient Abrasives Limited, manufacturer of Refractories and Raw Materials for bonded and coated abrasive products, refractories, castables and mortar is committed to be responsive to the customer needs for their success in the market.

Product range of the company includes:

High Alumina Raw Material

• Calcined Bauxite
• Brown Fused Alumina
• White Fused Alumina
• Pink Fused Alumina
• White Fused Mullite
• High Alumina Refractory Cement
• Zirconia Mullite (Zirmul)
• Alumina Magnesia

Refractory and Monolithics

• Isostatically Pressed Continuous Casting Refractories
• Slide Gate Plates
• Nozzles and Well Blocks
• Tundish Nozzles
• Bottom Purging Refractories and Top Purging Lances
• Slag Arresting Darts
• Basic Spray Mass for Tundish Working Lining
• Castables  

Awards /Achievements

Recipient of IRMA award for Excellence in Export Performance for the year 2006-07 and IRMA award for Excellence in Performance for the year 2006-07

The company has also received ISO 9001 certficate.