Comments
Grindwell Norton has executed a definitive agreement with Shinagawa Refractories Co Ltd, Japan, to form a private limited company for tap hole clay refractory products for the steel industry.
The company will hold 49 per cent stake while Shinagawa Refractories will hold 51 per cent in the private limited company.
In November last year, the company had said that the initial investment in the firm will not exceed ₹15 crore. Shareholders will closely monitor the development.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.