Birla shuts Rs 196 cr unit

Sea magnesium is basically used as refractors for lining steel tubes and pipes in steel plants to increase their life by about 70 to 80 per cent.

The official, who did not want to be identified, said the company has already informed financial institutions including ICICI, UTI and IDBI about the closure. quot;We have also registered a case with the directorate general of anti-dumping to take action against dumping of fused magnesia from China,quot; the official said.