Leading refractory manufacturer RHI Magnesita has revealed a massive investment plan of Rs 333 crore over the following two years with the goal of modernizing and increasing its facilities' technological capabilities.

Debottlenecking initiatives and the application of cutting-edge technology, such as pelletizing iron ore and producing green steel products, are part of this calculated approach.

With these expenditures, the company, which presently works at 65% capacity and holds over a third of the market share, is well-positioned for expansion.

After successfully integrating three subsidiaries—RHI Clasil, RHI India, and Orient Refractories—and acquiring Dalmia-OCL and Hi-Tech Chemicals, RHI Magnesita India has enhanced its product offerings significantly.

CEO Stefan Borgas confirmed that the investments would be internally financed, leveraging the robust demand within the Indian market across various industries including steel and cement.