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Raghav Productivity Targets Odisha Plant, Aims to Double Market Share
Raghav Productivity Enhancers makes a material called silica ramming mass for some steel furnaces.
The company is building a new factory in Odisha with Japan’s TRL Kosaki.
It expects the factory to open in about a year.
The plant will cost around ₹100 crore and make 350,000 tonnes of material each year.
Producing goods closer to eastern India should lower transport costs.
The company also hopes to sell more products in nearby countries and the Far East.
It currently has about 15% of India’s organised-sector market.
It expects that share to reach about 30% after the new plant is established.
Raghav Productivity Enhancers expects to commission its Odisha silica ramming mass plant in about one year.
The ₹100 crore joint-venture plant with Japan’s TRL Kosaki will have annual capacity of 350,000 metric tonnes.
The company expects its organised-sector market share to rise from 15% to about 30% after commissioning.
The Odisha facility is expected to reduce freight costs and support exports to Bangladesh, Bhutan and Far East countries.
Raghav Productivity Enhancers aims to increase total production capacity beyond 1 million tonnes through a multi-location strategy.
- Who
- Raghav Productivity Enhancers and its joint-venture partner TRL Kosaki, a step-down subsidiary of Nippon Steel Corporation.
- What
- They are establishing a 350,000-metric-tonne-per-year silica ramming mass plant in Odisha.
- Where
- Odisha, India, with products also intended for eastern India and export markets including Bangladesh, Bhutan and Far East countries.
- When
- The plant is expected to be commissioned in about one year from September 7, 2026, and reach full capacity within two and a half years afterward.
- Why
- The plant is intended to reduce freight costs, serve eastern India’s steel-furnace market and expand exports.
Key facts
- Investment
- Around ₹100 crore
- New plant capacity
- 350,000 metric tonnes per annum
- Current organised-sector market share
- 15%
- Projected organised-sector market share
- Around 30%
- Existing capacity
- Around 534,000 metric tonnes per annum across two Jaipur plants
- Long-term capacity target
- More than 1 million tonnes
- Current geographic reach
- Presence across 26 Indian states and exports to more than 40 countries
Quotes
Sanjay Kabra
Chairman of Raghav Productivity Enhancers
“We expect that our Odisha plant to be commissioned about one year’s time from now.”
thehindubusinessline.com
“Around 45 per cent of India’s furnaces are in the Eastern part itself.”
thehindubusinessline.com
Sources
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