Orient Refractories Limited has completed the process of acquisition of assets/plant & machinery from Manishri Refractories & Ceramics Private Limited. The company has entered into asset purchase agreement with Manishri Refractories & Ceramics Private Limited, to acquire certain assets /plant & machinery situated at Baichuana, Tangi, Distt. Cuttack, Orissa. The same will help the company in diversification of its existing product line by adding new products like Magnesia Carbon Bricks etc.
— Dalal Street Investment Journal

Khaitan & Khaitan advised Orient Refractories Limited led by a team of partner Ashutosh Khaitan, partner Kanishk Vardhan Shahi, principal associate Pravriti Chauhan, principal associate Pranav Gadi, associate Nikita Sayam.

Deal value: Rs 48 crore

2019-09-27

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