RHI MAGNESITA INDIA LTD has informed the Exchange about General Updates
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RHI Magnesita India Limited's wholly owned subsidiary, RHIMIRL (RHI Magnesita India Refractories Limited), has received board approval to sell its industrial land and fixed plant and machinery at the Bhilai, Chhattisgarh facility. This follows the earlier disclosed closure of the manufacturing plant effective 31 May 2024. The sale pertains to assets of the already discontinued subsidiary operations. No financial terms or buyer details have been disclosed in this filing.
The sale represents a step toward exiting the Bhilai operations completely and could generate some cash inflow for the company. The financial impact will depend on the sale proceeds, which are not yet disclosed.