
Joint Venture16 Jul 2026, 10:50 pm
Rhi Magnesita India Incorporates Joint Venture RHIM KHEMKA MINPRO
AI Summary
Rhi Magnesita India Ltd has announced the incorporation of its joint venture company, RHIM KHEMKA MINPRO PRIVATE LIMITED, on July 16, 2026. This entity will focus on bundling industrial minerals and refractory recycling activities. Rhi Magnesita India Limited will initially hold 100% equity shares, with Khemka subscribing to 49% in a subsequent step. The incorporation aligns with the company's strategy to expand its operations in the refractories sector.
Key Highlights
- Joint venture company RHIM KHEMKA MINPRO PRIVATE LIMITED incorporated.
- JV will focus on industrial minerals and refractory recycling.
- Rhi Magnesita India initially holds 100% equity.
- Khemka to acquire 49% stake in a later stage.
- Incorporation is a strategic move in the refractories sector.
Price Impact
More from RHIM