About TRL Krosaki Refractories Limited Unlisted Shares

About TRL Krosaki Unlisted Share

1. 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, aluminium and copper industries of the country. It was subsequently renamed as Tata Refractories Limited (TRL) in the year 1986.

2. 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.

3. Krosaki Harima Corporation (KHC), Japan, which is a leading refractories player of the World, has 77.62% stake in the Company. KHC was established in 1919 and it accumulated technologies over 96 years which helps in providing solutions backed by 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.

4. 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 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 diversified 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.

Business Strategy of TRL Krosaki in FY2020

1. India is expected to be one of the few countries with good demand of steel in the medium term. In line with the increase in demand of steel, refractories demand is also expected to grow. TRL Krosaki growth strategy driven by capital investment in critical areas to increase plant capacities and add new product lines will help to achieve its long-term objective of increasing market share. The new product line of Alumina Graphite (AG) refractories manufacturing facility with technology from Krosaki Harima Corporation, Japan is expected to be commissioned during 2021.

2. In general, Alumina Graphite manufacturing is a high end technology and most precision process; therefore a handful of other refractories manufacturers produce these products.

3. In Fy2020- TRL Krosaki has maintained its share of business of 70% in Dolomite in India and has increased its footprint in overseas market. The Company has emerged as one of the top service providers in Trough management and the revenue from Trough management contracts has increased by 57%.

4. Tap Hole Clay remains one of the focused products of the Company and the revenue from Tap Hole Clay product has increased by 16%.

5. High Alumina Spinel (SLM) bricks for application in Steel Ladles has become one of the focused products of the company and the revenue from SLM bricks has increased by 49%.

6. Revenue from another focused product, Direct Bonded Magnesite Chrome (DBMC) has increased by 5%.

7. Company’s silica bricks for coke-oven equipment have performed well and the Company is receiving repeat orders from its customers. South American market continues to be a focused market of the Company for supply to Copper industries and is witnessing a steady increase in customer base.

Manufacturing Plants of TRL Krosaki

1. Belpahar Plant – Belpahar – Plant capacity is 2,25,210 MTPA, manufacturing Basic, Dolomite, High Alumina, Silica, Castable, Precast pre fired shapes, Flow control products (New plant with KHC Technology) and Tap Hole Clay (New plant with KHC technology).

2. Salem Plant – Capacity of the Plant is 14,400 MTPA, manufacturing Basic ramming mass and Tundish Spray Mass.

3. TRL Jamshedpur – Capacity of the Plant is 30,000 MTPA, manufacturing Silica Ramming Mass and Precast Prefired Shapes.

4. TRL MP – Capacity of the Plant is 18,000 MTPA, manufacturing Alumina bricks and Alumina Castables.

5. TRL Gujarat – Plant capacity is 66,000 MTPA, manufacturing Alumina bricks and Alumina Castables.

6. TRL China – Plant capacity is 90,000 MTPA, manufacturing Mag-C bricks and AMC bricks.

Industry Serve by TRL Krosaki

1. Iron Industry – TRL Krosaki has been serving the Iron Making industry over a number of decades and plays significant role in improving industry performance by supplying silica and fireclay refractories for different revamping and repair jobs in Coke Oven Batteries (both tall and short) in India as well as in abroad.

2. Lime Industry – TRL Krosaki has been serving the lime industry since 1980. They have supplied more than 66 numbers of Lime kilns and completed 43 lime kilns project worldwide in different capacity

3. Steel, Aluminium, Power, Copper and Cement Industries.

Clients of TRL Krosaki