$RHI Clasil, RHI India to be amalgamated with Orient Refractories$

RHI Clasil, RHI India to be amalgamated with Orient Refractories

21 May 2021 CW Team

The Mumbai Bench of National Company Law Tribunal (NCLT) has approved the amalgamation of two subsidiary companies of RHI Magnesita in India, RHI Clasil and RHI India, with Orient Refractories (ORL), a manufacturer and seller of Refractories and Monolithics.

The company told the media that it would provide customers with one single refractory solutions platform offering the industry's most comprehensive product and solutions portfolio as an end to end solution provider.

ORL had approved the proposed scheme on July 31, 2018, and the proposed scheme was also approved by the shareholders and creditors of ORL on May 17, 2019. Subsequently, all the required statutory and regulatory approvals were duly obtained, and the scheme was filed jointly by the three companies with the NCLT at Mumbai for its approval.

However, NCLT rejected the proposed scheme in an order issued on March 2, 2020. After carefully assessing the details of the order issued by the NCLT, ORL moved to file an appeal before the National Company Law Appellate Tribunal (NCLAT).

The NCLAT, in an order dated 19 January 2021, set aside the order passed by the NCLT rejecting the scheme and directed the NCLT to approve the scheme. Subsequently, the scheme was approved by the Mumbai Bench of NCLT.

RHI Magnesita is a global supplier of refractory products, systems and solutions. ORL is a publicly-listed entity engaged in the manufacturing and selling of refractories and monolithics.

Image Source

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Infrastructure Urban

30 Aug 2025

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Infrastructure Urban

30 Aug 2025

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Infrastructure Urban

30 Aug 2025

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..