Announced Thu, 25 Jun · 14:02 IST
RHIM signs JV with Khemka for refractory recycling unit in Odisha
RHIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹378.65
prior close
₹383.35
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-1.1-1.5-1.7-1.7-3.1+3.0+5.3+1.2+1.2+7.8+6.4——
Up moveDown movePending
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 percent and Khemka 49 percent post incorporation. The JV will start as a wholly owned subsidiary of RHIM, then allot 49 percent to Khemka. No cash is exchanged for the JV agreement. RHIM turnover in FY26 was Rs 4,01,994 lakhs and Khemka was Rs 48,726 lakhs. Aim is circular economy and supply chain strength.
Likely market impact
Positive strategic move into refractory recycling; expands circular economy presence. Near-term financial impact is small as no cash is paid for the JV.