Monolithisch India's BIG Move: Acquires Mineral India Global, Set to Dominate Ramming Mass Market!

Author

Akshat Lakshkar | Whalesbook News Team

Detailed Coverage:

Monolithisch India Limited has finalized the acquisition of Mineral India Global Private Limited (MIGPL) by completing all five planned tranches. This move makes MIGPL a wholly owned subsidiary of Monolithisch India Limited, strengthening its position in the ramming mass and refractory materials sector. The acquisition increases Monolithisch India’s total installed capacity to 2,63,600 tonnes per annum, a crucial step in a sector where scale is vital for competitiveness. Ramming mass is an essential material for lining induction furnaces, primarily used in steel and alloy production. With the Indian steel industry growing, consolidation and standardization are key. MIGPL, a reliable supplier with a strong customer base in central India, reported a turnover of ₹49.39 crore and a profit after tax of ₹6.30 crore last fiscal year. This integration is expected to bolster Monolithisch India's market reach, operational efficiency, and ability to respond to customer needs more effectively. Managing Director Harsh Tekriwal stated that the acquisition aligns with their strategy for scalable and efficient growth.

Impact This acquisition is expected to create a stronger, more integrated player in the industrial materials sector, potentially leading to increased efficiencies, better pricing power, and improved supply chain management for steel producers. It signifies industry consolidation, which can benefit larger, well-capitalized companies. Rating: 7/10.

Difficult Terms Explained: Ramming mass: A mixture of granular refractory materials, usually basic oxides, used to line the internal walls of furnaces, particularly induction furnaces, to withstand high temperatures and corrosive environments during metal melting and refining. Induction furnaces: Electric furnaces that use electromagnetic induction to heat and melt conductive materials like metals. Consolidation: The process of combining multiple companies or business units into a single larger entity to achieve economies of scale and greater market share. Capacity: The maximum output a manufacturing facility can produce over a given period. Turnover: The total revenue generated by a company from its primary business activities over a specific period. Profit after tax (PAT): The net profit of a company after all expenses, including taxes, have been deducted.