Company History - RHI Magnesita India
Our Company was incorporated on November 26, 2010 in Delhi in the
name and style of Orient
Refractories Limited under the Companies Act, 1956 with the Registrar
of Companies, New Delhi.
Our Company received its certificate of commencement of business on
December 29, 2010.
The Registered Office of our Company is situated at 1307,
Chiranjiv Tower, 43 Nehru Place,
New Delhi-110019.
The Company entered into a Scheme of Arrangement with Orient
Abrasives Limited and their respective shareholders, which became
effective on April 1, 2011. In terms of the Scheme, the
refractory business of OAL, was demerged into our Company on a going
concern basis.
2012
- Mr. Sanjay Kumar, Company Secretary has been appointed as
Compliance Officer of the Company.
2013
-Orient Refractories Ltd has informed that recommended a final
dividend @ Rs. 1.00 per equity shares of Rs. 1.00 each.
2014
--Orient Refractories Ltd has recommended a final dividend of ` 1.25
(125%) per share on fully paid-up equity share of ` 1.00 each.
--Orient Refractories Ltd has approved shifting of registered office
of the Company from 1307, Chiranjiv Tower, 43, Nehru Place, New
Delhi-110019 to 804A, Chiranjiv Tower, 43, Nehru Place, New
Delhi-110019 w.e.f. June 01, 2014.
2018
Regarding expansion of Isostatic production capacity from 9,300 tons
per year to 11,700 tons per year at Bhiwadi, the plant has been
successfully commissioned on 17 May 2018 and the commercial
production will start from June'2018.
2019
- The Company has completed the process of acquisition of above said
assets / plant & machinery on 26 September 2019.The same will
help the Company in diversification of its existing product line by
adding new products like Magnesia Carbon Bricks etc.
-The Company has completed the formalities with regard to acquisition
of the entire paid-up equity share capital of Intermetal Engineers
India Private Limited (IEIPL) [CIN: U28920MH1988PTC047421] comprising
of 1,597 equity shares of Rs.100/- each to make it a Wholly Owned
Subsidiary of the Company.
2020
- Scheme of Amalgamation and Arrangement between Orient Refractories
Limited and RHI India Private Limited & RHI Clasil Private
Limited and their respective shareholders (Scheme) Dear Sir /Madam,
With reference to the subject matter, we wish to inform that the
Company has decided to file an appeal to National Company Law
Appellate Tribunal against the order dated 2nd March 2020 of National
Company Law Tribunal, Mumbai bench, rejecting the captioned scheme of
amalgamation and arrangement.
2021
-RHI Magnesita India today announced the operationalization of its
regional R&D center in India. This is the fifth R&D facility
in the company's global R&D network after Leoben (Austria),
Contagem (Brazil), Dalian (China) and York (United States). The
company has also committed a Rs 400 crore investment to expand its
India production capacity.
-Company
name has changed to RHI Magnesita India Ltd. from Orient Refractories
Ltd..
2022
- RHI announced that it will acquire refractory business of Hi-Tech
Chemicals via a slump sale on a going concern basis for a cash
consideration of Rs 621 crore.
