IFGL and Orient Refractories posted solid growth in India

By Antonio Torrisi
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...

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