Business Update31 Jul 2024, 11:43 pm
IFGL Refractories Ltd. Inaugurates New Plant, Poised to Generate Rs 70 Crores Revenue
AI Summary
IFGL Refractories Ltd. has inaugurated a new plant as part of its Phase 3 expansion plan at its Visakhapatnam manufacturing facility. The new plant, which has a cutting-edge technology and built with a capital outlay of about Rs 100 crores, is expected to generate an initial revenue of Rs 70 crores. The plant has an initial capacity of 9,000 MT per annum, which will be enhanced to 24,000 MT per annum in a year with an additional capital outlay of about Rs 3 crores. This disclosure is also available on the company's website.
Key Highlights
- IFGL Refractories Ltd. has inaugurated a new plant for the manufacture of Magnesia Carbon, Alumina Magnesia Carbon & Alumina SiC Carbon bricks.
- The new plant is expected to generate an initial revenue of Rs 70 crores.
- The plant is built with a capital outlay of about Rs 100 crores and has an initial capacity of 9,000 MT per annum.
- The plant's capacity will be enhanced to 24,000 MT per annum in a year with an additional capital outlay of about Rs 3 crores.
- This disclosure is also available on the company's website.