RHI Magnesita India Merger & Restructuring
RHI Magnesita India's subsidiary, Intermetal Engineers, merged into Ashwath Technologies. The scheme is effective as of 18 August 2026.
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RHI Magnesita India's subsidiary, Intermetal Engineers, merged into Ashwath Technologies. The scheme is effective as of 18 August 2026.
RHI Magnesita India has successfully completed a joint venture with Khemka Refractories to launch MINPRO. The new entity focuses on refractory recycling and circular mineral solutions in Odisha.
RHI Magnesita India formalized a joint venture by issuing 9,607 shares to Khemka Refractories. The transaction, valued at ₹1.91 Crore, secures land for the JV.
RHI Magnesita India incorporated a joint venture, RHIM KHEMKA MINPRO PRIVATE LIMITED, for industrial minerals and refractory recycling. The company initially holds 100% shareholding.
RHI Magnesita India and Khemka Refractories have formed a 51-49 JV to build a recycling plant in Odisha. The JV aims to boost economy and raw material security.
RHI Magnesita India approved the merger of its subsidiary Intermetal Engineers with Ashwath Technologies. The move aims to rationalize corporate structure and reduce administrative costs.