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Nilachal Refractories Ltd logo

Nilachal Refractories Ltd

NSE: BSE: 502294

₹33.07

(0.06%)

Tue, 03 Mar 2026, 07:19 pm

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Company 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.

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