Intermetal will acquire 100% of the subscribed and paid-up share capital of Ashwath Technologies, comprising of 10,000 equity shares of face value of Rs 10 each for the total consideration of Rs 14 crore.
RHI Magnesita India is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. The company serves customers both domestically and around the globe.
The company’s consolidated net profit increased 9.7% to Rs 56.17 crore in Q3 FY25 as compared with Rs 51.37 crore in Q3 FY24. Net sales jumped 11.8% YoY to Rs 774.31 crore during the period ended 31st December 2025.