RHI MAGNESITA INDIA LIMITED — Updates, 07-11-2024: Press Release

RHI Magnesita India reported stable Q2 results with a flat income of ₹882 crore and a 14.1% EBITDA margin amidst market challenges. Shipments increased by 4.8% compared to Q1. The company also unveiled its first Centre of Excellence for Iron making in Jamshedpur, aimed at capitalizing on growth in the Blast Furnace segment. With effective operational management, RHI Magnesita remains well-positioned for future growth, despite external pressures on pricing and raw materials.