RHI Magnesita has ambitious growth plans for all its three plants in India, MD Parmod Sagar recently informed. The company is expanding capacity and modernising the plants to bring in some high-end new products into the Indian market. RHI will spend INR 350-400 crore for capacity expansion, Sagar further informed, adding that exports are likely to go up to 32-35% of total sales from around 25% at present. The NCLT sanctioned the amalgamation of RHI Clasil, RHI India Pvt Ltd and Orient Refractories Ltd through an order dated 5 May’21.
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