Austrian co to buy stake from ORL promoters
Austrian firm RHI AG, a leading global refractories maker,
has entered into an agreement to buy 43.6 per cent of the promoters’ stake in Orient Refractories Ltd.
(ORL) for nearly Rs.230 crore.
ORL produces refractories and monolithics for use in iron and steel industry.
Listed on the National Stock Exchange and the Bombay Stock Exchange, the company had clocked Rs.300 crore sales in the last fiscal. ORL’s manufacturing and R&D facility is based in Bhiwadi, Rajasthan.
ORL produces refractories and monolithics for use in iron and steel industry.
Listed on the National Stock Exchange and the Bombay Stock Exchange, the company had clocked Rs.300 crore sales in the last fiscal. ORL’s manufacturing and R&D facility is based in Bhiwadi, Rajasthan.
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