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Nilachal Refractories Ltd
NSE: BSE: 502294
₹42.40
(2.53%)
Mon, 15 Jun 2026, 08:26 pm
Market Cap (in Cr)88.57
PE Ratio0
Dividend0
Non-Energy Minerals
Construction Materials
24.5KCompany History
1977
- The Company was incorporated on 30th June at Bhubaneswar.
- It was promoted in the joint sector by Industrial Promotion & Investment corporation of Orissa Ltd. (IPICOL) and Belpahar Refractories Ltd.
- The main objective of Company is to manufacturer specialised refractories mainly for glass, cement & aluminium industries.
1980
- Issued 6,24,000 No. of equity shares to IPICOL and its nominees and 6,00,000 No. of equity shares to Belpahar Refractories, Ltd.
- 15,000 Pref. and 11,76,000 No. of equity shares offered at par to the public in July.
1986
- The company proposed to install two more FSP of 400 tonnes per annum capacity to enable the company to manufacture blast furnace shapes, cement kiln bricks and other bigger ones.
- The company negotiated with Lafarge Refractories of France for the manufacture of special monolithics.
1987
- The name of the Company was changed to 'Ipitata Refractories Ltd.', from 'IPIBEL Refactories Ltd.' with effect from 16th April.
1988
- The company successfully developed and marketed Hoogovan Checker bricks.
- They were supplied to Bhilai Steel Plant.
1989
- The Company developed a new range of refractories and new products like Alumina chrome bricks and klinker slag, low cement castables and slike gate accessories which was under trial.
- Intra-union rivalry resulted in stoppage of work at the plant.
- The company undertook to develop a new range of products and convert slag to clay conditioner besides getting lime calcimined through outside parties.
1990
- The company's proposed project for installation of shuttle kiln was kept in abeyance for the time being due to various constraints.
1991
- The company commercialised a special type of dry gunniting mass for coke-ovens and also developed high alumina bricks by using sillimanite sand instead of calcined kyanite low porosity blast furnace bricks.
- Hot patch insulation bricks and patching mass developed by the Company were in the process of commercialisation.
1992
- The company marketed clay conditioner manufactured out of L.D. Slag in the brand name of `Growell'.
1993
- Overall performance was marginally affected due to the active support from TISCO.
- Calcination of time was discontinued and the marketing of day conditioner was not stabilised.
- The company developed chemically bonded shall resistance 45% Aluminia Hanger bricks, Hot face insulation bricks and superior quality table bricks.
1994
- The company came under the provision of the Sick Industrial Companies (Sp. Provision) Act 1985, a reference was made to BIFR.
- ICICI was appointed as the operating agency for the same.
1996
- Sale of Dolopatch mix at Jamshedpur operation of the Company was affected due to the poor offtake by the mini steel plants.
- The marketing of `Growell' was also seriously affected mainly due to drought condition and due to delay in allocation of funds from Central to various State Government.