Refractory Shapes Limited

About Refractory Shapes Limited

Founded in 1996, Refractory Shapes Limited is primarily engaged in the manufacturing of different types of Bricks, Castables, High Alumina Catalyst and Ceramic Balls which includes element holding Bricks, Refractory Bricks, Castables & Mortar for Refineries. The Company produces Special Shaped, Custom-made Refractory shapes of top quality with superior performance. The tailored made products shaped by the Company find applications in a diverse range of Industries, including steel, cement, glass, petrochemicals, etc., Having a diversity of products gives them the chance to meet the needs of various Customers based on their preferences. They cater to different types of Industries, Petrochemicals, Refineries, Aluminium, Fertilizers, Iron and Steel and Glass. The Company’s product mix includes variations in the processes using different chemicals serving to different industries as per the needs and requirements.

The manufacturing process begins with first receiving the order, the Quality Control (“QC”) department confirms the raw material to be used for the product. Thereafter the production team takes the recipe from the QC department for production. Various raw materials are mixed in the pan mixer machines and pressed in the pressed machines for making Bricks. In case of castable & mortar the various raw materials are mixed in the castable mixer machine and packed in bags and dispatched from the plant. In bricks, after pressing the mixed raw materials in the press machines, the, bricks are fired in the high temperature kiln. In all stages of manufacturing, the QC department takes samples from the production team to check the quality before proceeding to the next step. After firing the bricks, the material is again checked in the laboratory for physical & chemical properties. In majority of the orders, the material is tested in the presence of clients Third Party Inspection agency or by the client itself. After the material is cleared in inspection, the material is packed as per client’s specification or standard packing procedure and dispatched from the plant.

Company has a fully equipped manufacturing plants situated at Pimpri Industrial Area, Pune, Maharashtra and Wankaner, Morbi district in Gujarat with Morden equipment and testing laboratory which is EIL enlisted for Refractory Castables & Bricks with additional unit to supply EIL Greenfield projects with total area of 34,788 sq. ft. in Pune and 1,74,246 sq. ft. in Gujarat. Currently, Company has also purchased additional 4 acres of land admeasuring to 1,74,240 sq. ft. near to its existing Wankaner, Gujarat unit. 

Refractory Shapes Limited Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:

1. Funding of Capital expenditure towards civil construction required for Expansion of existing manufacturing unit at the existing location situated at Wankaner, Gujarat;
2. Funding of Capital expenditure towards purchase of Plant and Machineries for  Expanding existing manufacturing unit at the existing location situated at Wankaner, Gujarat;
3.  Repayment/prepayment of all or certain of our borrowings availed of by our Company;
4. Purchase of commercial vehicle 
5. General corporate purposes.