Raasi Refractories Ltd.
BBSE:RASSIREF18.50
INR
0.00
(0.00%)
Raasi Refractories Ltd.
BSE:RASSIREF
(Bombay Stock Exchange)
Recent
price
18.50
P/E
ratio
23.33
div
yld
- -
ROIC.AI
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- Business
- Raasi Refractories Limited is an India-based manufacturer and supplier of specialized refractory products and thermal insulation solutions for high-temperature industrial applications. Founded in 1981 and headquartered in Hyderabad, Telangana, India, the company operates its primary manufacturing plant located at Lakshmipuram, Narketpally, in the Nalgonda District of Telangana. Raasi Refractories manufactures, distributes, and sells a wide range of shaped and unshaped refractory products designed to withstand extreme thermal, mechanical, and chemical stress; its core product portfolio comprises basic refractories, including magnesite, chrome magnesite, alumina spinel, and magnesia carbon bricks; fireclay bricks with alumina content ranging from 34% to 47% for kilns, boilers, and foundries; high alumina bricks featuring 50% to 99% alumina content engineered for steel refining furnaces, glass tanks, and ceramic kilns; cold-face and hot-face insulation bricks, including K-23 through K-30 grades for industrial heat management; unshaped monolithic refractories, such as conventional castables, low-cement castables (LCC), ultra-low cement castables (ULCC), ramming masses, patching mixes, and spraying masses; and specialized continuous casting and pit refractories, such as zircon and alumina-carbon nozzles, stopper heads, porous plugs, well blocks, and refractory mortars. The company caters primarily to heavy manufacturing industries across India, with its primary client base concentrated in the iron and steel sector, alongside cement, aluminum, copper, petrochemicals, fertilizers, glass, ferro-alloys, and thermal power utilities. In recent corporate developments, Raasi Refractories has resolved prior Corporate Insolvency Resolution Process (CIRP) legal petitions before the National Company Law Tribunal (NCLT), maintaining its operational independence and listed status on the BSE under scrip code 502271. Over the past one to two years, the company has undertaken internal governance and operational reorganizations, including board-level restructuring, statutory and secretarial audit realignments, and plant optimization initiatives aimed at modernizing production processes, improving thermal efficiency, and stabilizing raw material procurement to service domestic industrial demand.