IFGL Refractories
IFGL Refractories, which makes casting refractors used in steel plants, has decided to double capacities at its Kandla plant in Gujarat and another plant located at Ohio in the US entailing an investment worth Rs. 12cr. The company, that owns these plants through its wholly-owned subsidiary, in a recent statement, said that the targeted amount will be funded through internal accruals and that expansion process is scheduled to be initiated this year. After the expansion, the capacity of the Kandla unit will stand at approximately 144,000 pieces a year while the per annum capacity at the Ohio facility will touch 180,000 units. As of now it has continuous casting refractory manufacturing facilities in Kandla and Rourkela and another in the US with a total annual capacity of approximately 450,000 pieces, besides its other refractory units are based in China, Brazil, the UK, Germany and a second plant in the US.