Orient Refractories Ltd. has completed the formalities with regard to acquisition of the entire paid-up equity share capital of "Intermetal Engineers India Private Limited" (IEIPL) [CIN: U28920MH1988PTC047421] comprising of 1,597 equity shares of Rs.100/- each to make it a Wholly Owned Subsidiary of the Company.
Dr. Vijay Sharma, Director and Mr. Parmod Sagar, Managing Director & CEO of the Company have joined the Board of IEIPL as Nominee Directors of Orient Refractories Limited w.e.f. 18 May 2019.
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