Raghav Productivity Enhancers Ltd granted patent for method of production of Silica based Ramming Mass

Raghav Productivity Enhancers Limited (RPEL), the world's largest manufacturer of silica ramming mass, is pleased to announce that its in house developed manufacturing process has been granted a patent certificate by the Patent Office, Government of India titled, "A Method of Production of Silica Based Ramming Mass Containing Alumina for Refractory Lining of an Induction Furnace".

The patent pertains to RPEL‟s innovation in the manufacturing process of silica based refractory lining of induction furnace. It is the first ever Patent granted worldwide to a Silica Ramming Mass manufacturer and RPEL has exclusive rights of the patent.

This patent solidifies the company‟s leadership position in the silica ramming mass industry by having exclusivity over a manufacturing process that provides us with a distinct competitive advantage. The product developed through this patented process significantly enhances the productivity of our customers while reducing their electricity consumption and costs.

Managing Director of the company Rajesh Kabra commenting on the development said, At RPEL, we have consistently invested in research and development to drive innovation led customization of products to meet our customer needs. The grant of this patent is a major milestone in our journey, solidifying our position in the induction furnace based steel & foundry industries. I would like to congratulate the entire team at RPEL for their dedication and efforts in securing this significant achievement."

Shares of Raghav Productivity Enhancers Ltd was last trading in BSE at Rs. 709.50 as compared to the previous close of Rs. 678.70. The total number of shares traded during the day was 4763 in over 974 trades.

The stock hit an intraday high of Rs. 713.70 and intraday low of 679.00. The net turnover during the day was Rs. 3339407.00.

Source : Equity Bulls

Keywords

RaghavProductivityEnhancers INE912T01018 Patent Production SilicabasedRammingMass