IFGL Refractories Ltd is engaged in the manufacture of Specialised Refractories and requisite Operating Systems for the Steel Industry.

IFGL Refractories Ltd (IFGL) has entered into an in-principle agreement for purchase of 96.16% of the share capital of Hofmann Ceramic GmbH, Germany (including subsidiaries, namely, Hofmann Ceramic CZ, Czech Republic and Hofmann Ceramics Ltd, UK) and 100% of the Capital contribution of Hofmann OHG, Germany. These purchases will be effected by IFGL's step down subsidiary, Monocon International Refractories Limited in the UK.