RHI Magnesita advocates for refractory raw material supply security
ECONOMY & POLICY

RHI Magnesita advocates for refractory raw material supply security

RHI Magnesita, the global leader in the manufacturing and supply of refractory products, systems, and solutions, has appealed to the Government of India for strategic policy initiatives to diversify the sourcing of critical refractory grade minerals to ensure raw material supply security for the sustainable growth of the country. This was pressed upon by Gustavo Franco, Chief Customer Officer of the company, during the India-Austria Business Meet held recently as part of Prime Minister Narendra Modi's visit to the Austrian capital, Vienna. The company has also requested policy measures to restrict the environmentally harmful landfilling of used refractories and to promote recycling, which in turn ensures the availability of secondary raw materials for the industry and contributes towards building a circular economy.

Parmod Sagar, Managing Director and CEO of RHI Magnesita India Ltd. said, "Refractory products and solutions are critical for production of steel, cement, glass, aluminium, energy and all such products that require high temperature manufacturing processes. India, purely for geological reasons, lacks domestic sources for critical raw materials like refractory grade Magnesite and Alumina. With very high import dependency, it is imperative to have a diversified sourcing network for supply security to ensure long term sustainability of the Make in India drive."

India is already a pioneer in recycling in the refractories sector due to its low reserves of raw materials. However, there is still enormous potential, as thousands of tonnes of used but valuable refractory material is thrown into landfills. Landfilling is not only extremely damaging to the environment, but it also results in the enormous waste of precious raw materials. The company has asked for preventive policy measure on landfilling. This would protect the environment, level up the reuse of important raw materials and push recycling. The entire industry - including the steel industry in India would improve CO2 footprint while ensuring further raw-material security through circular economy solutions.

Parmod reiterated that RHI Magnesita India is fully aligned with PM Modi's Atmanirbhar Bharat vision and will continue playing a crucial role in India's growth story. The company has committed approximately 400 mEur (Rs 3600 Cr) of phased investment by FY 2026 to build and modernize its production capacity in India. Out of this, it has spent about 300 mEur in last 2 years in India for building local capacity. It now has more than 500,000 tons of local refractory production capacity in India.

RHI Magnesita, the global leader in the manufacturing and supply of refractory products, systems, and solutions, has appealed to the Government of India for strategic policy initiatives to diversify the sourcing of critical refractory grade minerals to ensure raw material supply security for the sustainable growth of the country. This was pressed upon by Gustavo Franco, Chief Customer Officer of the company, during the India-Austria Business Meet held recently as part of Prime Minister Narendra Modi's visit to the Austrian capital, Vienna. The company has also requested policy measures to restrict the environmentally harmful landfilling of used refractories and to promote recycling, which in turn ensures the availability of secondary raw materials for the industry and contributes towards building a circular economy. Parmod Sagar, Managing Director and CEO of RHI Magnesita India Ltd. said, Refractory products and solutions are critical for production of steel, cement, glass, aluminium, energy and all such products that require high temperature manufacturing processes. India, purely for geological reasons, lacks domestic sources for critical raw materials like refractory grade Magnesite and Alumina. With very high import dependency, it is imperative to have a diversified sourcing network for supply security to ensure long term sustainability of the Make in India drive. India is already a pioneer in recycling in the refractories sector due to its low reserves of raw materials. However, there is still enormous potential, as thousands of tonnes of used but valuable refractory material is thrown into landfills. Landfilling is not only extremely damaging to the environment, but it also results in the enormous waste of precious raw materials. The company has asked for preventive policy measure on landfilling. This would protect the environment, level up the reuse of important raw materials and push recycling. The entire industry - including the steel industry in India would improve CO2 footprint while ensuring further raw-material security through circular economy solutions. Parmod reiterated that RHI Magnesita India is fully aligned with PM Modi's Atmanirbhar Bharat vision and will continue playing a crucial role in India's growth story. The company has committed approximately 400 mEur (Rs 3600 Cr) of phased investment by FY 2026 to build and modernize its production capacity in India. Out of this, it has spent about 300 mEur in last 2 years in India for building local capacity. It now has more than 500,000 tons of local refractory production capacity in India.

Next Story
Infrastructure Urban

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Next Story
Infrastructure Urban

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Next Story
Infrastructure Transport

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement