Arfin India bags $42 million worth aluminium deox supply order from Saudi Arabia
The prominent name in the aluminium recycling and ferroalloys segment, Arfin India, witnessed stock price pick up following the company's announcement that it received an export order from the Saudi Arabia-Middle East steel plant to supply aluminium deox worth $42.26 million (INR 350 crore).
The company, however, also declared that the export order would be completed in four phases.
Incorporated in 2001, the company boasts a progressive vision as well as the necessary industrial capacity to become a market leader.
In metallurgy, deoxidization is a method of removing oxygen from steel. Most steelmaking operations use aluminium as a deoxidizer. Most often, aluminium is deoxidized in a ladle; in rare cases, it may also be added to the mould during continuous casting or ingot casting.
Pondy Oxides and Chemicals Ltd accomplished the installation of a new facility for recycling aluminium
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