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

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..