Dalmia consolidates its refractory business to streamline its financial, managerial and technical resources

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bangalore

Dalmia-OCL, the refractory business of Dalmia Bharat Group, has announced the merger of all of its domestic operations into a single consolidated entity, Dalmia Bharat Refractories Limited (DBRL), the company announced on March 2.

“With this, Dalmia Refractories Limited, Dalmia Cement Bharat Limited – Refractory Unit and GSB India – would transition to Dalmia Bharat Refractories Limited with immediate effect,” it said in a statement.

Sameer Nagpal, MD and CEO, Dalmia Bharat Refractories said, “Our refractory business has been split into different companies resulting in the division of our financial, managerial and technical resources. This consolidation will lead to a more centralized, efficient and robust management system with a stronger resource base for the future.”

“The consolidation was intended to strengthen DBRL’s financial position, increase its investment capabilities, broaden its talent base and position the new entity for its customers in the steel, cement and other industries. having high temperature processes,” the company said.

“The formation of DBRL would allow the group to offer a broader portfolio of products and services in addition to allowing it to become an alternative source of supply in China for steel, cement and non-ferrous manufacturers on international markets,” Nagpal added.

India’s refractory production is estimated at over two million tons per year and the industry is worth ₹9,000 crore per year. The steel and cement industries are the biggest consumers of refractories, with a worldwide average specific consumption of 15 kg per metric ton for steel and 0.5 kg per milligram ton for cement.

Refractory is a material that resists decomposition by heat, pressure or chemical attack, and retains its strength and shape at high temperatures. Manufacturing plants that perform operations such as melting, firing, and related treatments use refractory materials in their linings. Most refractories are ceramic or other high heat resistant materials designed to withstand extremely high temperatures (over 1000°F or 538°C), encountered in contemporary production.

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