RHIM India achieves highest quarterly EBITDA margin of 18% since acquisitions

 

  • RHIM India achieves highest quarterly EBITDA margin of 18% since acquisitions  
  • Parmod Sagar, MD & CEO of RHI Magnesita India Ltd. said, “We are pleased to report that we have delivered the highest margins since the completion of acquisitions over a year ago. We are advancing towards our strategic initiatives to increase our market share (iron-making, flow control), and achieve operational excellence & synergies. End-user industries have witnessed a slowdown due to cheaper imports and increase in raw material and freight prices have presented new challenges. We have successfully navigated this volatility by maintaining strong margins and achieving a sustainable and profitable growth.”   
  • The Company remains steadfast in its conviction that GDP growth will require the refractory industry to act as a catalyst to support the vision of Viksit Bharat. 
  • As the market leader, RHIM India is well-positioned to capitalize on this opportunity. 
  • Looking ahead, the stability provided by the policy focus on infrastructure development reinforces the Company's commitment to its strategic objectives including recycling for decarbonization and safety related initiatives.  
  • India will require additional Blast Furnace capacity to meet stated Steel output targets. 
  • There are currently 7 new m large Blast Furnace projects at different stages of installation or commissioning.
  • India is the global leader in coal based DRI Production and this will continue to grow while alternative technologies ramp up. 
  • India’s Iron ore grade ensures demand for pellet plants.   

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