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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Rhi Magnesita India Ltd
Rhi Magnesita India Ltd to form JV for refractory recycling facility
JV / MOU ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 25 Jun 2026, 01:54 PM IST  ·  BSE ID: 761c72e2-e115-4244-bcfa-743f91d1aaff
View Original BSE Filing (PDF)
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In Simple Terms
The company is partnering with another firm to build a new facility in Odisha for recycling refractories.
🤖 AI Summary
  • Rhi Magnesita India to form JV with Khemka Refractories for refractory recycling.
  • New greenfield facility to be established in Odisha, India.
  • JV to focus on accelerating circular business models.
  • Rhi Magnesita India will initially hold 100% shares, then allot 49% to Khemka.
🏢 How This Affects the Company
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Business Impact
This joint venture aims to establish a greenfield refractory recycling facility, enhancing the company's presence in circular economy initiatives within India.
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Financial Impact
Specific financial implications are not detailed in this disclosure; however, capital investment for the greenfield facility will be required.
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Operational Impact
The formation of a JV company and establishment of a new recycling facility will lead to new operational setups and potential supply chain integration.
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Risk Impact
Entering into a joint venture introduces partnership risks and the execution risks associated with establishing a greenfield facility.
👥 What This Means For Shareholders
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Action Required
No action is required from shareholders at this time.
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Who Is Affected
All shareholders of Rhi Magnesita India Limited are indirectly affected by strategic decisions impacting future business growth.
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Management Signal
This decision signals management's intent to pursue strategic partnerships and invest in sustainable business practices.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Receipt of requisite approvals for the JV agreement.
Completion of the JV Company incorporation process.
Details on share allotment and capital contribution to the JV.
MEDIUM RISK JV formation carries partnership risks; greenfield project execution involves operational and regulatory uncertainties.
💡 Investor Takeaway
Rhi Magnesita India's Board approved a joint venture with Khemka Refractories to establish a greenfield refractory recycling facility in Odisha, subject to approvals.
❓ Frequently Asked Questions
What has the Board of Directors of Rhi Magnesita India Limited approved?
The Board approved entering into a Joint Venture Agreement with Khemka Refractories Private Limited and incorporation of a new Joint Venture Company.
What is the purpose of the Joint Venture Company?
The Joint Venture Company will accelerate circular business models and establish a greenfield refractory recycling facility in Odisha, India.
What will be the shareholding pattern in the new Joint Venture Company?
Initially, the JV Company will be a wholly owned subsidiary of Rhi Magnesita India, which will then allot 49% shares to Khemka Refractories.
Where will the new refractory recycling facility be located?
The new greenfield refractory recycling facility will be established in the eastern state of Odisha, India.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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