TRL Krosaki Refractories Unlisted Share price

TRL Krosaki Refractories Limited Unlisted Shares -Company Overview

TRL Krosaki Refractories Limited (TRL Krosaki), is a Company incorporated in the year 1958 under the name of 'Belpahar Refractories Limited', which had set up its plant at Belpahar, Jharsuguda in 1959 to meet the refractories requirement of steel, aluminum, and copper industries of the country. It was subsequently renamed Tata Refractories Limited (TRL) in the year 1986. 

TRL Krosaki is an Integrated Management Systems (IMS) certified company and is the No.1 refractories manufacturing company in India. It manufactures a wide range of products like Basic, Dolomite, High Alumina, Monolithics, Silica, Taphole Clay, and RH Snorkel Refractories. The company also provides technical services to its customers in the form of Refractories Management Services, Refractories Engineering Services, and Technical Support Services. 

Krosaki Harima Corporation (KHC), Japan, which is a leading refractories player in the World, has a 77.62% stake in the Company. KHC was established in 1919 and it accumulated technologies over 96 years that help in providing solutions backed by the latest technologies. 'Krosaki Harima' is an associate of Nippon Steel & Sumitomo Metal Corporation, Japan which has a global ranking of being the 2nd steel producer in the world.

The Company has two Associate Companies namely TRL Krosaki Asia Pte Limited, Singapore, and Almora Magnesite Limited, Almora, Uttarakhand. TRL China Limited, a refractories manufacturing company in the People's Republic of China is a wholly-owned subsidiary of TRL Asia Pte Limited.

The association with KHC has benefited the Company in accessing the latest technology and diversifying its products, thus increasing its potential to penetrate the world refractories market. KHC and TRL Krosaki have jointly emerged as the 4th largest refractories manufacturer in the world.

TRL Krosaki Share Price Details as of March 31, 2024

Incorporation Details of TRL Krosaki Refractories Limited

Principal Business Activities of TRL Krosaki

Board of Directors of TRL Krosaki

Mr. H. M. Nerurkar, Chairman

Mr. P. B. Panda, Managing Director

Mr. Hisatake Okumara, Director

Ms. Shuang Zhu, Director

Mr. Hisatake Okumara, Director

Mr. Sachihiko Asaya, Director

Mr. Jumpei Konishi, Director

Mr. Anirban Dasgupta, Director

Mr. Pradeep Vasudeo Bhide, Independent Director

Mr. Raghupathy Ranganath Rao, Independent Director

Particulars of Associate Companies of TRL Krosaki

Shareholding Pattern of TRL Krosaki Refractories Limited (as of 31st March 2022)

Industry Outlook of Refractories

Refractories are composite materials used in large volume in extreme, usually corrosive environments in equipment, such as, furnace lining, molten metal storage and tapping for high temperature materials processing and other applications in which thermo chemical properties are of critical importance. Refractories are therefore facilitating or enabling materials and are essential to successful operations of any core industry in which high temperature applications are involved. About 70% of world refractories production is consumed by steel industry. In India steel industry consumes around 75% of refractories produced. Other significant consumers of refractories are copper, cement, lime, aluminum, glass, chemicals industries. The steel industry is the major consumer of refractories. The growth of refractories industry is closely linked with the growth of iron and steel industry. India has become 2nd largest producer of crude steel in the world. India's estimated steel production in 2021-22 was 118 Mn. MT an increase of 16 Mn. MT from 102 Mn. MT in 2020-21. It is estimated that steel demand will continue to increase in India especially from construction, automotive and infrastructure sectors. Growth story of Indian Steel Industry is further supported by Government's thrust on infrastructure development which was announced in the Union Budget. Indian steel industry is expected to infuse fresh funds for raising capacity utilization. Steel industry in India is consolidating and the unused capacity of the industry is being utilized. It is estimated that the steel production in India will increase to 126 Mn. MT by 2022-23. This will increase the demand for refractories. Other major consuming industries like cement, copper and aluminum are also expected to grow in the next 5 years.