Paris-Based Calderys To Invest $100 Mn In World’s Largest Refractory Facility In Odisha

The Paris-headquartered Calderys, a refractory solutions company with presence in over 30 countries, has chalked out big plans for India. It is committed to invest over $100 million in Odisha to cater to both India and APAC countries. At Bhuinpur, Khorda district, Bhubaneshwar it is setting the world’s largest single site production hub for refractories production and steel casting fluxes. The six-phase project has already seen the completion of the first leg of Refractory manufacturing at Bhuinpur, Khorda district. As per reports, full-fledged production at its Khorda plant will begin in the second half of 2026. Calderys APAC Region, Sr Vice President & MD Ish Mohon Garg says “India’s $ 2 billion refractory market is poised to double by 2030, driven by surge in infrastructure, manufacturing and energy projects”. When asked what made Calderys consider Odisha for investments, Garg praised Odisha’s top end bureaucracy saying “we were hypnotised by Odisha, particularly the speed of action, decision making and clarity of thought without any follow up. Everything was wrapped up in three months, thanks to efficient IAS bureaucrats like Hemant Sharma, Bhupendra Singh Poonia at IPICOL and Collectorate & District Magistrate of Khorda and others”. He assured that Calderys will provide cutting edge refractory solutions to its customers. He said the first production line of acidic monolithics refractories having exceptional chemical resistance and thermal stability has already commenced and sales have started for the domestic market.  Odisha’s economic growth seems unstoppable. After steel, aluminium, mining, semiconductor forays, the state is now focusing on refractories.