2021-05-06
May 6, 2021 - India’s Orient refractories Limited (ORL),
the market leader in suppliers of special refractories to local steel blast
furnaces, is drawing up plans to enter the steel foundry segment, company
sources said on April 27.
The sources said that, while details of the project and
the location are still being assessed, the management has approved entry to the
segment for special castings and forged steel products, demand for which is
rising rapidly from key industries like automobiles, engineering, and plant and
equipment manufacturing.
Also, to bolster its business vertical of providing
systems and services to steel mills, ORL is setting up a research and
development center at Bhiawadi in Rajasthan state, the official said.
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