Joint Venture Company Incorporated With TRL Krosaki For Silica Ramming Mass
A new JV company, RPEL TRLK Silicatech Private Limited, has been incorporated in Odisha on 25/09/2026 under the JV agreement with TRL Krosaki Refractories.
- JV Company Name
- RPEL TRLK Silicatech Private Limited
- Incorporation Date
- 25/09/2026
- Location
- Odisha
- Shareholding
- 80%
- Share Face Value
- Rs. 10/- per share
What was announced
A joint venture company named RPEL TRLK Silicatech Private Limited has been incorporated under the Companies Act, 2013 in the state of Odisha, pursuant to the Joint Venture Agreement with TRL Krosaki Refractories Limited, as pronounced under the Board Meeting dated 4th September 2026.
Key terms
- Shareholding of the company in the JV: 80%
- Shares to be subscribed at face value of Rs. 10/- per share
- Nature of consideration: Cash
- Date of incorporation of the JV: 25/09/2026
- Indicative time period for completion: within 60 days from incorporation
- Turnover of the new entity: Nil; last 3 years turnover: Not Applicable
Business of the JV
The entity will be engaged in the development, manufacturing, sales and distribution of silica ramming mass, and belongs to the silica ramming mass and other refractories industry. Its presence is in Odisha, India.
Related party aspect
The company holds a substantial interest in the JV and the two have common directors, so the incorporated company will be a related party. Apart from this, the promoter/promoter group companies are not interested in the transaction.
How investors may read it
This is a structural step that formalises an earlier board-approved joint venture, taking it from agreement to an incorporated entity with a majority stake held by the company. Since the new entity has nil turnover at present, any financial contribution would depend on how operations develop.
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More numbers
- Shareholding in JV80%
- Share subscription price (face value)Rs. 10/- per share
- Turnover of JV entityNil
- Indicative completion periodWithin 60 days
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