Joint Venture4 Sept 2026, 12:39 pm
Raghav Productivity Enhancers Ltd forms JV with TRL Krosaki Refractories
AI Summary
Raghav Productivity Enhancers Ltd (RPEL) announced a Joint Venture (JV) with TRL Krosaki Refractories Limited (TRLK) to establish a silica ramming mass manufacturing unit in Odisha. RPEL will hold an 80% stake, while TRLK will hold 20%. The JV aims to leverage RPEL's patented technology and TRLK's raw material resources and regional presence. The planned capacity is 3,50,000 MTPA. RPEL reported a consolidated turnover of ₹257 crores in FY25-26, and TRLK reported ₹2,880 crores.
Key Highlights
- RPEL and TRL Krosaki form a Joint Venture for silica ramming mass manufacturing.
- RPEL to hold 80% stake; TRLK to hold 20% in the new JV company.
- The JV will set up a unit in Odisha with a planned capacity of 3,50,000 MTPA.
- RPEL will contribute patented technology; TRLK will supply raw materials.
- The JV aims to strengthen RPEL's presence in the East India market.
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