IFGL Refractories Ltd (IFGL), engaged in the manufacture of specialised refractories and operating systems for the iron and steel industry, has effected payment of Rs. 3 crore towards the second instalment of advance income tax for the current financial year. The amount paid is higher by about 22% over the corresponding instalment paid in the previous financial year. IFGL had effected payment of Rs. 1.5 crore towards the first installment of advance income tax and the total tax paid till date for the year 2008 - 2009 is Rs. 4.5 crore.
In the meantime, the company has received awards for Overall Excellence in Export Performance for the year 2007-2008 and Sustained Improvement in Export for the years 2005-2006 to 2007-2008 from the Indian Refractory Makers Association (IRMA) .
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