Refractory Shapes Limited — Important, 29-01-2025: General Updates

Refractory Shapes Limited has reported notable progress since its listing in May 2024. The company successfully supplied all refractory requirements for the Mandovi Pellets Revamp Project, showcasing its in-house capabilities in design, supply, and installation. It is also executing supply and installation for JSW Bellary and Dolvi plants, strengthening its ongoing partnership with the client.

Additionally, Refractory Shapes has secured three major orders from global EPC players for Abu Dhabi National Oil Company (ADNOC) and is currently working on a crucial SRU project for Oman Refinery. The company has also supplied OEM substitute material to Reliance Industries for the first time and received approval from American licensor KBR to manufacture refractories.

Sales have reached ₹41.00 crore, reflecting a robust 40% increase compared to ₹29.29 crore for the same period last year. These developments suggest a positive outlook for future growth and opportunities in the steel and oil sectors. Investors should watch closely for further updates.