RHI Magnesita India Forges Strategic JV, Establishes Odisha Greenfield Facility for Circular Economy Leadership

In a significant stride towards sustainable industrial practices, RHI Magnesita India Ltd. has announced a strategic joint venture with Khemka Refractories Pvt. Ltd. This forward-thinking partnership aims to accelerate the circular economy in India by establishing a state-of-the-art greenfield refractory recycling facility in Odisha.

The collaboration comes at a crucial time when industries globally are scrutinizing their environmental footprint. RHI Magnesita, a global leader in refractory products, is combining its recycling expertise with Khemka Refractories’ regional manufacturing strength to create an integrated recycling supply chain. Located strategically amidst India’s burgeoning steel production hubs, the new facility is poised to meet the escalating demand for closed-loop sustainable solutions in the Indian refractory market.

Parmod Sagar, Chairman, MD & CEO of RHI Magnesita India Ltd., emphasized the ethical and technological commitment: “We are laying the foundation for a circular economy platform with globally leading processing technology and best-in-class infrastructure.” This initiative is set to recover, process, and reuse spent refractory materials, thereby reducing dependence on virgin raw materials, enhancing resource efficiency, and significantly lowering carbon emissions across industrial value chains.

Alok Khemka, Director, Khemka Refractories Pvt. Ltd., highlighted the operational synergy: “With our operational capabilities, strategic location in Odisha, and well-established supply and partner network, we are well-positioned to support the development of a robust recycling platform.”

Key details of this impactful joint venture include:

• RHI Magnesita India will hold a 51% majority stake, underscoring its leadership in this sustainable venture.
• Khemka Refractories will hold the remaining  49%.
• The transaction is anticipated to close in the third quarter of 2026.

This partnership is not just a business deal; it’s a testament to a shared vision for a more sustainable future. By creating a scalable and technologically advanced platform, RHI Magnesita and Khemka Refractories are setting a new benchmark for industrial sustainability in one of the world’s fastest-growing markets, reinforcing supply chain resilience and contributing to India’s green transition.