Announced Thu, 16 Jul · 22:41 IST
RHIM incorporates JV with Khemka for minerals and refractory recycling
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RHIM · price
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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹406.25
prior close
₹407.00
base price
After-mkt
timing
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+0.5-0.1-0.1+0.1+0.5+0.8-1.7-2.5-1.3—————
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AI summary
RHI Magnesita India has incorporated a joint venture company called RHIM Khemka Minpro Pvt Ltd on 16 July 2026. The JV will bundle industrial minerals and refractory recycling activities. RHIM initially holds 100% by subscribing to 10,000 equity shares of Rs 1 each in cash; Khemka will subsequently subscribe to 49%.
Likely market impact
JV formation expands RHIM's refractory and minerals business; modest cash investment with Khemka to join later as 49% partner.