Announced Thu, 25 Jun · 14:13 IST
RHIM board approves JV with Khemka Refractories for recycling facility in Odisha
Board & Shareholder Meetings View source PDF
RHIM · price
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Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹378.65
prior close
₹379.25
base price
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AI summary
RHI Magnesita India board approved a joint venture with Khemka Refractories to set up a greenfield refractory recycling facility in Odisha. RHIM will hold 51% and Khemka 49%. The JV will be a subsidiary of RHIM. RHIM FY26 turnover was Rs 4,01,994.50 lakhs; Khemka's was Rs 48,725.77 lakhs. The move targets circular economy and supply chain resilience.
Likely market impact
Strategic entry into refractory recycling; supports sustainability and supply chain resilience. No cash exchanged at agreement stage, so limited immediate financial impact.