TT&A advised Dalmia Bharat Refractories Limited (“DBRL”) in transfer of its refractories business to RHI Magnesita India Limited for approximately INR 1708 crores.

DBRL is one of the leading refractory producers in India with approximately 1,200 employees and production capacity of over 300 ktpa, from five refractory plants and raw material sites.

RHI Magnesita is the leading global supplier of high‐grade refractory products, systems and solutions which are critical for high‐temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non‐ferrous metals and glass 

The acquisition will enable RHI Magnesita India to increase its presence in the high growth Indian refractory market. Through the addition of production capacity in important industrial locations in the south and west of India, where the Group currently has no assets, this acquisition will also help in significant network benefits and margin improvement potential.

TT&A Corporate Team: Feroz Dubash, Punita Gupta – Partners, Aashima Bhatia, Rishabh Mohnot & Vaibhav Laddha – Associates

TT&A Competition Team: Sonam Mathur – Partner and Shubhang Joshi & Dhruvi Shah - Senior Associates