RHI Magnesita India

What RHI Magnesita India does

RHI Magnesita India Limited is the publicly listed Indian subsidiary of Austria-based RHI Magnesita GmbH and the leading domestic supplier of high-grade refractory products, systems, and solutions for industrial high-temperature processes exceeding 1,200°C. The company operates nine production facilities and two mines across India, supported by a dedicated ISO 9001 certified R&D centre in Bhiwadi, Rajasthan, and a workforce of more than 7,000. Its product portfolio spans refractory bricks (fireclay, high alumina, silica, magnesite, magnesia-carbon), monolithic refractories (castables, plastics, ramming masses, mortars), specialty continuous casting refractories, and proprietary refractory application machinery (GEKKO, TERMINATOR, ANKERJET, ANKERFRIT lines). The company also offers the 4PRO platform for Total Refractory Management, integrating product supply, installation supervision, post-mortem investigations, FEM-based thermo-mechanical analysis, and on-site technical consulting.

The company serves more than 1,500 customers across India, West Asia, and Africa in seven primary verticals: steel, cement, non-ferrous metals, glass, environment and energy, foundry, and paper and pulp. Revenue is generated through direct enterprise sales to large industrial customers via a 4 main-office and 26 site-office sales and service network, supplemented by material related-party transactions with parent RHI Magnesita GmbH covering product sales, raw material purchases, inter-company services, and royalty payments. FY 2025-26 revenue was Rs 4,019.95 crore (approximately $478M USD) with 9.40% YoY growth and Q4 FY26 shipments of 523 kilotons. The business has scaled through two material acquisitions — Dalmia Bharat Refractories (Rs 1,708 crore, completed January 2023) and Hi-Tech Chemicals (Rs 621 crore, 2022) — and in June 2026 formed a 51%-owned joint venture with Khemka Refractories for a greenfield recycling facility in Odisha, signaling a pivot toward circular refractory operations alongside the core virgin-refractory franchise.

Name

RHI Magnesita India

Legal name

RHI Magnesita India Limited

Website

https://rhimagnesitaindia.com

Company type

Public

Founded year

1834

Operating status

Ipo

Headcount range

5,001–10,000 employees

Short description

RHI Magnesita India is the publicly listed Indian subsidiary of RHI Magnesita GmbH and a leading domestic supplier of high-grade refractory products, systems, and integrated refractory management solutions for steel, cement, non-ferrous metals, glass, and other high-temperature industrial customers.

Ownership category

akta.pro rank

Product category

Industrial Refractories

NAICS

Clay Building Material and Refractories Manufacturing (32712)

SIC

Abrasive, Asbestos & Misc Nonmetallic Mineral Prods (3290)

akta.pro primary industry

Refractory, Furnace & Kiln Maintenance Services (IMAIACAG)

akta.pro secondary industry

Refractory & Metallurgical Consumables Distribution (Fluxes, electrodes, refractories) (IMAKAJAM)

Keywords

• Refractory products manufacturing
• High-temperature industrial solutions
• Monolithic refractory materials
• Refractory management services
• Industrial furnace linings

Headquarters

HQ city

Haryana

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Refractory Products and Solutions Sales: RHI Magnesita India generates revenue primarily from the sale of high-grade refractory products (bricks, castables, monolithic refractories, mortars) and integrated solutions (Total Refractory Management) to industrial customers in steel, cement, nonferrous metals, glass, and other sectors. Revenue streams include product sales, inter-company transactions with parent RHI Magnesita GmbH (sale of products, purchase of materials, inter-company services, royalty payments), and professional services including on-site supervision and technical consulting.
2. Annual Revenue: For full year ended March 2026, annual sales grew 9.40% to Rs 4,019.95 crore. Q4 2026 revenue surpassed INR 4,000 crores for the first time, achieving 9% YoY growth to INR 4,000 crores with shipments up 5% to 523 kilotons.
3. Related Party Transactions with Parent: Continued material related party transactions with parent company RHI Magnesita GmbH including sale of products, purchase of materials, inter-company services, and royalty payments for fiscal year 2026-27, approved by shareholders with voting percentages ranging from 96.10% to 99.79% in favour.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

RHI Magnesita India manufactures and supplies high-grade refractory products, systems and solutions indispensable for industrial high-temperature processes exceeding 1,200°C across steel, cement, non-ferrous metals, glass, foundry, power/environment and paper & pulp industries. The portfolio spans refractory bricks (fireclay, high alumina, silica, magnesite, magnesia carbon), monolithic refractories (castables, plastics, ramming refractories, mortars), continuous casting refractories, ladle and EAF refractories, refractory application machinery, and Total Refractory Management services delivered through 9 production facilities and a dedicated R&D centre.

Product overview

RHI Magnesita India is the leading supplier of high-grade refractory products, systems, and solutions indispensable for industrial high-temperature processes exceeding 1,200°C. The company offers a comprehensive portfolio including Refractory Bricks (fireclay, high alumina, silica, magnesite), Refractory Castables (monolithic refractories for various applications), Refractory Mortars, Ladle Refractories, Electric Arc Furnace Refractories, Continuous Casting Refractories, and Magnesia Carbon Bricks. The product portfolio is complemented by Refractory Application Machinery (gunning manipulators, pressure vessel machinery, lining repair systems) and Total Refractory Management Solutions for cost optimization and supply chain management. The company operates across multiple industry segments including steel, cement, non-ferrous metals, glass, environment & energy, foundry, and paper & pulp, serving over 1,500 customers across India, West Asia & Africa through 9 production facilities in India.

Differentiator

Problem solved

Functional benefit

Products and services

• Refractory Bricks

Named customers7 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• Khemka Refractories Pvt LtdcoreStrategic or Co-development Partner · 25 June 2026RHI Magnesita India Ltd and Khemka Refractories Pvt Ltd formed a joint venture to establish a greenfield refractory recycling facility in Odisha, India. RHI Magnesita holds a 51% stake in the entity. The transaction is expected to close in Q3 2026. The joint venture aims to accelerate circular business models and support sustainable industrial growth in the region, marking a significant step toward environmental sustainability in refractory manufacturing.
• RHI Magnesita GmbH (Parent Company)coreOthers · 22 June 2026RHI Magnesita India Ltd maintains ongoing material related party transactions with its parent company RHI Magnesita GmbH including sale of products, purchase of raw materials and components, inter-company services, and royalty payments. Shareholders approved these transactions for fiscal year 2026-27 with overwhelming support (96.10% to 99.79% voting in favour). These transactions represent core operational linkages between the parent and Indian subsidiary.
• Dalmia Bharat Refractories Limited (DBRL)coreStrategic or Co-development Partner · 6 January 2023RHI Magnesita completed the acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited on January 6, 2023. The acquisition was valued at approximately Rs 1,708 crore, implemented through a share swap agreement with transfer of DBRL's Indian refractory business to Dalmia OCL, and involved RHI Magnesita issuing 27 million new shares. The deal aimed to optimize network synergies and expand capacity in southern and western India.
• Hi-Tech ChemicalssupportingStrategic or Co-development Partner · 19 October 2022RHI Magnesita India acquired the refractory business of Hi-Tech Chemicals for Rs 621 crore through a slump sale. The acquisition aimed to strengthen RHIM's position in the domestic and international flow-control refractory market. This was a strategic transaction to expand product portfolio and market reach.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• IFGL Refractories: Indian listed manufacturer of specialised refractories serving steel, glass, and cement industries. Directly comparable as a domestic refractory competitor targeting similar industrial customers with overlapping product lines such as monolithics and flow-control refractories.

Regional players

• Shinagawa Refractories: Japan's leading refractory manufacturer serving steel, cement, and nonferrous metals industries globally. Comparable as a refractory major with overlapping product portfolio in fireclay, high alumina, and basic bricks for high-temperature industrial processes.
• Puyang Refractories Group: One of China's largest refractory producers with integrated raw material and finished product capabilities. Comparable as a vertically integrated refractory manufacturer serving steel and cement, though primarily competing in Chinese and export markets rather than India.
• Krosaki Harima Corporation: Japanese refractory manufacturer with global operations and India presence. Comparable as an Asia-focused refractory producer offering similar product categories (basic bricks, monolithics) for steel and cement customers, though primarily competing in different geographies.

Broad incumbents

• Vesuvius plc: Global refractory and flow-control technology leader with India operations. Comparable as a multinational refractory major offering shaped and unshaped refractories, monolithics, and application machinery to steel and foundry customers across overlapping verticals.
• Morgan Advanced Materials: UK-listed specialty materials company with a Thermal Products division supplying high-temperature ceramic and refractory solutions. Comparable as a broad industrial materials incumbent offering kiln furniture, crucibles, and refractory components to steel, glass, and foundry customers.
• Imerys: French specialty minerals group producing refractory raw materials (bauxites, alumino-silicates, magnesia-based minerals). Comparable as an upstream supplier and solutions provider in high-temperature industrial markets, overlapping with RHI Magnesita India's mineral-to-product value chain.
• Resco Products: US-based refractory manufacturer producing bricks, castables, and monolithic products for steel, aluminum, and cement industries. Comparable as a direct product-line competitor in shaped and unshaped refractories serving similar high-temperature industrial applications.
• HarbisonWalker International: North America's largest refractory supplier offering monolithic and shaped products plus installation services. Comparable as a broad refractory incumbent serving heavy industrial customers with similar product categories and Total Refractory Management-style service offerings.
• Saint-Gobain: French multinational materials group with a High-Performance Refractories division (SEFPRO). Comparable as a global player selling refractory bricks, monolithics, and installation services into steel, glass, and cement markets through a wider industrial materials portfolio.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RHI Magnesita India