IFGL Refractories sets up new plant in Visakhapatnam; jumps 4%

Headquartered in Kolkata, IFGL Refractories Limited manufactures specialized refractories for the iron and steel industry. Shares rose by 4% to an intraday high of ₹644.50 after the company inaugurated a new plant at its Visakhapatnam facility. The ₹10 crore plant, part of Phase 3 expansion, will produce advanced bricks and is set to generate a revenue of ₹100 crore.