RHI Magnesita India : US$ 7 trillion economy by 2030

RHI Magnesita India : US$ 7 trillion economy by 2030 

RHIM is focused on optimizing its cost structure through initiatives such as fixed cost optimization, resource bundling, and leveraging economies of scale. These efforts are aimed at improving the cost baseline and enhancing profitability, reflecting the Company’s commitment to operational excellence and efficiency.  

  • The government’s ambitious targets, including reaching a US$ 7 trillion economy by fiscal year 2030 and achieving 300 million tonnes of steel production by 2030, coupled with initiatives like Atmanirbhar Bharat, provide a strong foundation for economic growth. 
  • These factors create a conducive environment for increased demand for refractory products aligning with RHIM’s market leadership position and local-forlocal manufacturing strategy under the ‘Make in India’ initiative.   
  • RHI Magnesita India Limited is well-positioned to leverage on this opportunity for a sustainable and profitable growth in the coming years, backed by a comprehensive strategy focused on both organic and inorganic initiatives. 
  • The refractory industry is anticipated to witness substantial expansion, driven by key end-user industry such as steel, cement, and glass, among others, in line with India’s economic and infrastructure development trajectory  

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