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RHI Magnesita India Ltd. Company History and Annual Growth Details

Our Company was incorporated on November 26, 2010 in Delhi in the name and style of Orient
Refractories Limited under the Companies Act, 1956 with the Registrar of Companies, New Delhi.
Our Company received its certificate of commencement of business on December 29, 2010.
The Registered Office of our Company is situated at 1307, Chiranjiv Tower, 43 Nehru Place,
New Delhi-110019.

The Company entered into a Scheme of Arrangement with Orient Abrasives Limited and their respective shareholders, which became effective on April 1, 2011. In terms of the Scheme, the refractory business of OAL, was demerged into our Company on a going concern basis.

2012

- Mr. Sanjay Kumar, Company Secretary has been appointed as Compliance Officer of the Company.

2013
-Orient Refractories Ltd has informed that recommended a final dividend @ Rs. 1.00 per equity shares of Rs. 1.00 each.

2014
--Orient Refractories Ltd has recommended a final dividend of ` 1.25 (125%) per share on fully paid-up equity share of ` 1.00 each.
--Orient Refractories Ltd has approved shifting of registered office of the Company from 1307, Chiranjiv Tower, 43, Nehru Place, New Delhi-110019 to 804A, Chiranjiv Tower, 43, Nehru Place, New Delhi-110019 w.e.f. June 01, 2014.

2018

Regarding expansion of Isostatic production capacity from 9,300 tons per year to 11,700 tons per year at Bhiwadi, the plant has been successfully commissioned on 17 May 2018 and the commercial production will start from June'2018.

2019

- The Company has completed the process of acquisition of above said assets / plant & machinery on 26 September 2019.The same will help the Company in diversification of its existing product line by adding new products like Magnesia Carbon Bricks etc.

-The Company has completed the formalities with regard to acquisition of the entire paid-up equity share capital of "Intermetal Engineers India Private Limited" (IEIPL) [CIN: U28920MH1988PTC047421] comprising of 1,597 equity shares of Rs.100/- each to make it a Wholly Owned Subsidiary of the Company.

2020

- Scheme of Amalgamation and Arrangement between Orient Refractories Limited and RHI India Private Limited & RHI Clasil Private Limited and their respective shareholders ("Scheme") Dear Sir /Madam, With reference to the subject matter, we wish to inform that the Company has decided to file an appeal to National Company Law Appellate Tribunal against the order dated 2nd March 2020 of National Company Law Tribunal, Mumbai bench, rejecting the captioned scheme of amalgamation and arrangement.Â

Â 2021

-RHI Magnesita India today announced the operationalization of its regional R&D center in India. This is the fifth R&D facility in the company's global R&D network after Leoben (Austria), Contagem (Brazil), Dalian (China) and York (United States). The company has also committed a Rs 400 crore investment to expand its India production capacity.Â

-Company name has changed to RHI Magnesita India Ltd. from Orient Refractories Ltd..

Â 2022
- RHI announced that it will acquire refractory business of Hi-Tech Chemicals via a slump sale on a going concern basis for a cash consideration of Rs 621 crore.Â

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