Casting The Right Mould

Vesuvius India is all set to wipe out its accumulated losses this year and grow without incurring any additional capital expenditure.

If you are looking for a play on a core sector, especially steel, and at the same time want to avoid the pitfalls of an economic slowdown, then Vesuvius India is your best bet.

It is a subsidiary of the international Vesuvius group, which has nearly 70 per cent of the global market for speciality refractories for the continuous casting (concast) process. The group owns 55 per cent of Vesuvius India after a rights issue in late 1996. And the advanced refractories business, falling under the Vesuvius group, is part of the