RHI Magnesita India is the top-ranked refractory company in the Fortune India Next 500 list

24 Jun 2022

RHI Magnesita India is listed in the 2022 edition of the coveted Fortune India Next 500 listing. In addition, the company is recognized as Rising Star for making the biggest leap in the ranking by achieving the highest growth in 2021 among all ranked companies. The listing is the definitive ranking of India’s Next 500 largest corporations and stands to recognize growth deliveries made by emerging companies. RHI Magnesita’s Indian-listed entity ranks 118, which is highest among refractory companies operating in India.

On receiving the award, Parmod Sagar, Managing Director of RHI Magnesita India, said, “On behalf of RHI Magnesita India, I would like to thank Fortune India for this recognition. This has only been possible because of the persistent performance focus of the RHI Magnesita India team. We have managed to remain agile and adapt to dynamic situations swiftly to cope with the highly challenging business environment of the last few years. It also testifies for the fact that we have been able to reap the benefits from the merger of our Indian entities by emerging as one strong, unified company that is driving future growth and leading the industry.”

At the awards ceremony on June 24, Vijaya Gupta, CFO of RHI Magnesita India, accepted the award from Sarbananda Sonowal, Minister of Ports, Shipping and Inland Waterways of Govt. of India, in presence of Arjun Ram Meghwal, Minister of State for Parliamentary Affairs & Culture in the Indian Government and Rajeev Dubey, Editor-in-Chief of Fortune India.

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