RHI Magnesita investing Rs 36 bn in India to expand capacity

23 Feb 2023 CW Team

According to CEO Stefan Borgas, RHI Magnesita used a portion of its Rs 36 billion capital investment to acquire two refractory assets in India. "We have set aside Rs 36 billion for investment in India. This would be used to expand organic and inorganic capacity and modernise Indian manufacturing facilities "The cash infusion will be made through RHI Magnesita India, according to the CEO.

The company manufactures and supplies refractory goods, systems, and solutions to industries like steel, cement, nonferrous metals, and glass.

It recently finalised the acquisitions of Dalmia OCL and Hi-Tech Chemicals' refractory division for Rs 17.08 billion and Rs 6.21 billion, respectively. He stated that the company's refractory building capacity is 5 lakh tonnes per annum (LTPA), with 1.5 LTPA remaining unutilized capacity ready to satisfy the increased requirements of the Indian market.

The corporation intends to modernise its newly acquired assets in India by enhancing automation and introducing international-standard machinery. AI (artificial intelligence) and data-driven digital technologies are being brought to India as part of its objectives for greater refractory performance, he noted.

Refractory is a type of heat-resistant material that is used in the production of cement, steel, copper, aluminium, nonferrous metals, and glass. It can withstand high temperatures of up to 1,200 degrees due to its unique qualities, and the primary raw ingredients required to create it are magnesia and alumina.

According to Pramod Sagar, Managing Director of RHI Magnesita India, the company's stake of the local refractory industry has climbed to 30% since the acquisition.

In terms of his view for the sector, Sagar stated that India is seeing consumption-led development. The government has set a target of 300 million tonnes of steel capacity. In the Union Budget, it also announced an increase in capex of 10 lakh crore. This bodes good for the industry.

"Increased infra spend will increase the demand for products manufactured by our consumer industries," he said.

Also Read
Mahindra Lifespaces plans plotted developments foray
Housing prices to rise near Noida International airport

RHI Magnesita will invest roughly Rs 36 billion in India over the next two to three years to expand production capacity and modernise factories, according to the company's worldwide CEO Stefan Borgas. According to CEO Stefan Borgas, RHI Magnesita used a portion of its Rs 36 billion capital investment to acquire two refractory assets in India. We have set aside Rs 36 billion for investment in India. This would be used to expand organic and inorganic capacity and modernise Indian manufacturing facilities The cash infusion will be made through RHI Magnesita India, according to the CEO. The company manufactures and supplies refractory goods, systems, and solutions to industries like steel, cement, nonferrous metals, and glass. It recently finalised the acquisitions of Dalmia OCL and Hi-Tech Chemicals' refractory division for Rs 17.08 billion and Rs 6.21 billion, respectively. He stated that the company's refractory building capacity is 5 lakh tonnes per annum (LTPA), with 1.5 LTPA remaining unutilized capacity ready to satisfy the increased requirements of the Indian market. The corporation intends to modernise its newly acquired assets in India by enhancing automation and introducing international-standard machinery. AI (artificial intelligence) and data-driven digital technologies are being brought to India as part of its objectives for greater refractory performance, he noted. Refractory is a type of heat-resistant material that is used in the production of cement, steel, copper, aluminium, nonferrous metals, and glass. It can withstand high temperatures of up to 1,200 degrees due to its unique qualities, and the primary raw ingredients required to create it are magnesia and alumina. According to Pramod Sagar, Managing Director of RHI Magnesita India, the company's stake of the local refractory industry has climbed to 30% since the acquisition. In terms of his view for the sector, Sagar stated that India is seeing consumption-led development. The government has set a target of 300 million tonnes of steel capacity. In the Union Budget, it also announced an increase in capex of 10 lakh crore. This bodes good for the industry. Increased infra spend will increase the demand for products manufactured by our consumer industries, he said. Also Read Mahindra Lifespaces plans plotted developments foray Housing prices to rise near Noida International airport

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..