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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..