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History of Nilachal Refractories Ltd.

YEAR EVENTS 1977 - The Comp. was incorporated on 30th June at Bhubaneswar. It was promoted in the joint sector by Industrial Promotion and Investment corporation of Orissa limited [IPICOLs] & Belpahar Refractories limited The main objective of Comp. is to manufacturer specialised refractories mainly for glass, cement and aluminium industries.

1980 - Issued 6,24,000 No. of equity shares to IPICOL & its nominees & 6,00,000 No. of equity shares to Belpahar Refractories, Ltd. 15,000 Pref. & 11,76,000 No. of equity shares offered at par to the public in July.

1986 - The Comp. proposed to install two more FSP of 400 tonnes per annum capacity to enable the Comp. to manufacture blast furnace shapes, cement kiln bricks & other bigger ones. The company negotiated with Lafarge Refractories of France for the manufacture of special monolithics.

1987 - The name of Comp. was changed to 'Ipitata Refractories Ltd.', from 'IPIBEL Refactories Ltd.' with effect from 16th April.

1988 - The Comp. successfully developed & marketed Hoogovan Checker bricks. They were supplied to Bhilai Steel Plant.

1989 - During the year, the Comp. developed a new range of refractories & new products like Alumina chrome bricks and klinker slag, low cement castables & slike gate accessories which was under trial. Towards the end of year intra-union rivalry resulted in stoppage of work at the plant.

- The Comp. undertook to develop a new range of products. With a view to improving margins, the Comp. undertook to convert slag to clay conditioner besides getting lime calcimined through outside parties.

1990 - The company proposed project for installation of shuttle kiln was kept in abeyance for time being due to various constraints.

1991 - The Comp. commercialised a special type of dry gunniting mass for coke-ovens & also developed high alumina bricks by using sillimanite sand instead of calcined kyanite low porosity blast furnace bricks. Hot patch insulation bricks & patching mass developed by Comp. were in the process of commercialisation.

1992 - During the year the Comp. marketed clay conditioner manufactured out of L.D. Slag in the brand name of `Growell'.

1993 - Overall performance won marginally affected due to the active support from TISCO.

- During the year calcination of time was discontinued & the marketing of day conditioner was not stabilised. The company developed chemically bonded shall resistance 45%. Aluminia Hanger bricks, Hot face insulation bricks & superior quality table bricks.

1994 - The Comp. came under the provision of Sick Industrial Companies [Sp. Provisions] Act 1985, a reference was made to BIFR. ICICI was appointed as the operating agency for same.

1996 - Sale of Dolopatch mix at Jamshedpur operation of Company was affected due to the poor offtake by mini steel plants. The marketing of `Growell' was also seriously affected mainly due to drought condition & due to delay in allocation of funds from Central to various State Government.