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Foreign Investment In India: Foreign companies in India are working with great speed regarding their investment. Many big companies are finding it better to invest in India than in other countries. They are also getting great profits from investing here. Due to which many companies around the world have special expectations from India. After the Corona Pandemic, these companies have gained confidence in India’s production capacity and skilled artisans here. Now another foreign company is planning to invest in the country. This thing has been disclosed by the CEO of the company himself. Know how much will be the investment..
The company will invest Rs 3,600 crore
Vienna-based company RHI Magnesita will invest Rs 3,600 crore in the next 2 to 3 years to increase its production capacity and modernize plants in India. The Chief Executive Officer of the company, Stefan Borgas (CEO Stefan Borgas) has given this information.
Acquired 2 refractory properties
Stephen Borges says that a part of the capital expenditure of Rs 3,600 crore has been used by the company to acquire two refractory properties in India. The CEO said that we have kept Rs 3,600 crore for investment in India. In India, this amount will be used for acquisition and increasing the capacity of old facilities. He also said that this investment will be done by the company through its subsidiary RHI Magnesita India Limited.
Steel, Cement Supply
RHI Magnesita India will manufacture and supply refractory products, systems and solutions to the Steel, Cement, Non-Ferrous Metals and Glass businesses. It is known that this company has completed the acquisition of Dalmia OCL for Rs 1,708 crore and Refractory business of Hi-Tech Chemicals for Rs 621 crore. He said the company’s refractory manufacturing capacity is 5 lakh tonne per annum (LTPA), out of which 1.5 LTPA would be unutilized capacity to meet the additional requirements of the Indian market. History of RHI Magnesita is almost 200 years old company, it started in the year 1834.
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