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SP Refractories Ltd.

BSE: 535436 Sector: Engineering
NSE: SPRL ISIN Code: INE0JW501011
BSE 05:30 | 01 Jan SP Refractories Ltd
NSE 00:00 | 25 May 90.25 0
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SP Refractories Ltd. (SPRL) - Company History

SP Refractories Ltd was incorporated as SP Refractories Private Limited on January 18 2007. The status of Company was changed to public limited and name of the Company was changed to SP Refractories Limited vide Special Resolution dated October 11 2021. The fresh certificate of incorporation consequent to conversion was issued on October 28 2021 by the Registrar of Companies Mumbai.The company is engaged in manufacturing exporting and supplying refractory material made using hydrated lime Calcined Alumina and other raw materials. The core focus is on refractory cement which is a niche and high margin cement with a good quality widely used in iron & steel and construction industries because of its thermal conductivity Maximum strength and heat resistance. It sources raw materials from domestic markets. The Company began its operations in year 2007 with manufacturing of refractory cement and castables. Before incorporation of company Late Sri. Prabodh Kale was running the established business of refractory cement in a partnership firm named Shanark Industries based out of Nagpur. Post his demise his wife; Namita Kale took business activities forward under SP Refractories Limited as the promoter along with her daughters Shweta Kale and Prajakta Kale. It has one manufacturing facility at M- 10 MIDC Hingna Nagpur and the adjoining premise M- 11-1 & M-11-2 MIDC Hingna Nagpur is being used as Godown and storage facility. It is located in MIDC a well-developed industrial area of Nagpur. The company has a healthy client base due to quality product customized solutions and large product line. It has clinkers manufacturing capacity of 4000 MT per year and Clinkers crushing capacity of 6000 MT per year. It gets clinker manufactured from outsider on job work basis and thereafter process of crushing the clinkers blending and packing of refectory cement in powder form carries out in their manufacturing facility for excess capacity of crushing. Further as and when required the management purchases clinkers from third party and carry out process of crushing the clinkers blending and packing of refectory cement in powder form to utilize our excess capacity of crushing. The company has invested in latest technology and upgraded machinery which aided them in manufacturing better quality products. The manufacturing facility houses various automated and semi automated plant and machinery for manufacturing process and other material preparation tools and handling equipments and quality control lab and equipments. Also manufacturing facility and registered office is well equipped with computer systems internet connectivity other communication equipment security and other facilities which are required for business operations to function smoothly. Simultaneously this unit has adequate power supply from Maharashtra State Electricity Distribution Co. Ltd. It has made adequate arrangements to meet water requirements.

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