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.
IFGL Refractories and Orient Refractories have posted
positive growth in profits in the quarter ending on 30
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...