RHIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RHI Magnesita India Ltd has disclosed that the Board of Directors of its wholly owned subsidiary, RHI Magnesita India Refractories Limited (RHIMIRL), has approved the sale of industrial land at the Bhilai, Chhattisgarh plant along with fixed plant and machinery. This follows the earlier discontinuation of operations and closure of the same manufacturing facility effective 31 May 2024. The decision was made on 20 May 2026 and disclosed on 21 May 2026. No specific sale value or buyer details have been provided in this filing.
The sale of the Bhilai plant assets marks the final phase of winding down the subsidiary's operations, with proceeds likely to reduce debt or be deployed for working capital. No immediate impact on revenue as the plant was already non-operational.