Vesuvius India produces high-performance refractories for steelmaking flow control (tundish, slide gates) and advanced monolithic/plastic refractories, with expansion into aluminum and induction furnace markets. Key growth drivers include Rs.1,000 crore capex for Vizag and Kolkata plant expansions (50%+ capacity increases), new product lines (mold flux, induction furnace linings), and 35-36% R&D investment to maintain technological differentiation. Management targets 50-55% core steel market share while capturing 15-20% of non-steel markets, with margin expansion from premium pricing (e.g., 2x price for isostatic products) and TRMS contracts covering 50% of sales. The 42-acre Vizag site’s sequential brownfield expansions and 10,000-20,000 ton plastic refractories market potential position the company to outgrow the steel industry’s 8-9% CAGR. Execution hinges on maintaining R&D leadership and timely ramp-up of Vizag’s non-isostatic flow control lines for electric arc furnaces by 2027.
companyname: Vesuvius India Limited ticker: VESUVIUS sector: Refractories and Flow Control Engineering Vesuvius India Limited makes consumable refractory products and systems that control the flow of molten metal in steel plants and other high-temperature industries. It is part of the global Vesuvius Group, a London-listed company that is the world leader in molten metal flow engineering. Vesuvius has been in India for more than three decades. It was incorporated in 1991 and started its first m...
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