Raghav Productivity Enhancers has entered into a joint venture agreement with TRL Krosaki Refractories Limited to establish a silica ramming mass manufacturing unit in Odisha. The Board approved the deal on September 4, 2026, with an initial outlay of approximately ₹100 crore funded by debt and equity.

Joint venture structure

The partnership creates a new joint venture company with Raghav Productivity Enhancers holding an 80% stake and TRL Krosaki holding 20%. Both parties will contribute capital in their respective ratios. The board of the new entity will comprise three members: two from Raghav Productivity Enhancers and one from TRL Krosaki.

Operational roles and technology

Raghav Productivity Enhancers will utilize its patented silica processing technology for manufacturing and sales, targeting primarily the East India market. TRL Krosaki will supply quartzite stone, a key raw material, from its mines in Chhuinpali Village, Odisha, under a long-term supply agreement. Raghav Productivity Enhancers will also receive a royalty for the use of its intellectual property.

Strategic rationale

The JV aims to combine Raghav Productivity Enhancers' brand and manufacturing capabilities with TRL Krosaki's raw material resources to strengthen presence in East India. The region holds 45% of India's induction furnace capacity, making it the largest demand cluster. Proximity to this cluster is expected to reduce delivery time and landed costs.

Company profiles and rationale

Raghav Productivity Enhancers is the world's largest manufacturer of silica ramming mass, reporting a consolidated turnover of ₹257 crore in FY25-26. It has a group capacity of 534,000 MTPA at its plants in Newai, Rajasthan. TRL Krosaki, a subsidiary of Japan-based Krosaki Harima Corporation, reported a consolidated turnover of ₹2,880 crore in FY25-26. It operates one of India's largest quartzite mines in Odisha.

Related party disclosure

Hemant Madhusudan Nerurkar, an independent director at Raghav Productivity Enhancers, is also a non-executive director at TRL Krosaki. The company stated there is no other relationship between the parties and that the transaction was conducted at arm's length.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE912T01018/12d63de9-3be9-46bf-a475-ca4ff6afbf05.pdf

Raghav Productivity Enhancers Limited announced that its wholly owned subsidiary, Raghav Productivity Solutions Private Limited, has been granted a patent by the Government of India. The grant was received on August 20, 2026, for an invention related to quartz processing.

The patent covers a "Time-Sequenced Feed Protocol for Homogeneous Ramming Mass Production in Intensive Mixers." This technology applies to the production of silica ramming mass among other uses.

Patent Details

The filing was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key details of the grant are as follows:

The patent term commences from the date of application filing. Neha Rathi, Company Secretary and Compliance Officer, confirmed the disclosure to the BSE and NSE on August 21, 2026.