IFGL and Orient Refractories posted solid growth in India
Published: Tuesday, 18 November 2014
The positive results recorded by two of the major Indian refractory producers show a robust demand for refractory products in the country, despite a continuing slow growth in the steel industry, which has not yet reached full capacity.
India-based IFGL Refractories and
Orient Refractories have posted positive growth in profits in
the quarter ending on 30 September 2014.
On a stand-alone basis, IFGL posted a profit after tax of
Indian rupees (INR) 71.3m ($1.1m*) in the quarter ended on 30
September 2014 and INR 141m ($2.2m) in H1 2014, up...