Monolithisch India has secured a quartzite stone block in Bihar’s Nawada district for Rs 157 crore, giving the refractory-material manufacturer direct control over a major raw-material source for its silica ramming mass business. The block was allotted through an e-auction conducted by the Bihar Mines and Geology Department and is expected to support the company’s expansion in eastern and central India.
The five-year allotment carries an approved mining capacity of 7,10,000 metric tonnes per annum, or 35,50,000 metric tonnes over the lease period. The company said the acquisition marks its largest strategic milestone since inception and completes a significant step towards backward integration of its raw-material supply chain.
Monolithisch India produces premixed ramming mass, a refractory material used in induction furnaces by the secondary steel industry. The company said securing the quartzite source will provide greater control over its key raw-material requirements and help hedge raw-material prices for the next five years as it expands its silica ramming mass manufacturing capacity.
The company’s consolidated group manufacturing capacity is expected to reach 5,76,000 MTPA. Commercial operations at the quartzite block are targeted to begin in February or March 2027, subject to statutory approvals that the company expects to receive within three to four months.
The Rs 157 crore consideration will be paid in tranches over five years in accordance with state government guidelines. Mining operations will be carried out through experienced national mining contractors on a per-tonne raising contract basis, a model that the company said would limit its direct infrastructure capital expenditure.
Monolithisch India also plans to establish a dedicated beneficiation and storage unit near the block. The facility will support quality management, research and development, and product development based on the characteristics of the ore. The arrangement is intended to give the company a consistent supply source for its manufacturing operations and future products.
Harsh Tekriwal, managing director of Monolithisch India, said the company’s backward integration was complete and that the surplus raw-material capacity would secure supplies for its planned growth and new greenfield project. He described the company as a major supplier to domestic integrated secondary steel clusters, particularly in eastern and central India.
The company said the block belt was operational between 2015 and 2020 and that ore from the block had been sought by secondary steel-cluster customers for its quality and consistency. Its return to production will therefore connect mineral extraction in Nawada with the supply requirements of steel-producing industrial clusters.
Tekriwal said the acquisition was the first step in the company’s next phase of growth and that Monolithisch India would pursue similar initiatives to secure raw materials before launching new product verticals. The immediate milestones are the completion of statutory approvals, establishment of the beneficiation and storage unit, and commencement of commercial operations in early 2027.
