The Indian refractory materials market is on a serious growth trajectory in recent times. According to Zjell, the Indian refractories market which was worth $2.4 billion in 2020 is expected to grow at a CAGR of 5.8 percent from 2021 to 2026. This can be majorly attributed to the government’s ambitious project of achieving 300 MTPA steel production by 2030.
Owing to such fertile conditions, we are seeing a large number of companies foraying into the industry recently. Standing tall among the horde of refractory material manufacturing companies is Passary Minerals. Started in Rourkela the company now has two more manufacturing units in Kharagpur and Raipur. Passary Minerals (PASMIN) was established in 1990 as a manufacturer of synthetic raw materials.
In the late nineties, the refractories industry underwent a major shift in all dimensions and the company integrated forward and became a refractory manufacturer itself. "This change-over took us a lot of pain, especially on the finance front and today we stand where we stand because of the great foundation imparted at that change-over", shares Sriyukta Pradeep Passary, Managing Director, Passary Minerals. “We customize our products as per the need of the customers by working with them closely.
We are constantly involved in researching and developing new products to guarantee better performance and life to our customers. We also try to minimize the energy costs of our customers by altering the refractory designs without affecting performance and production. Currently, we focus majorly on the refractory of DRI and Iron-ore pellet plants only (secondary steel market)”, further adds Pradeep.
As an ISO 9001:2008 certified company, PASMIN offers a wide range of high quality refractory products that are well-known in the industry for their superior design and ease of application as per the industry-set standards. Some of the major flagship products of the company include Abrasion resistant castables, Mullite based castables, Precast Pre fired refractories, insulation pads and many others. Additionally, Passary Minerals claims to be the only company that is providing total refractory solutions, be it refractory castables, anchors, clits and application of these castables to ensure the best performance.
“Since we are only focused on Dri and Pellet refractories this has helped us in narrowing down on all problems faced by this industry better than our competitors. We believe in providing cutting edge solution to our customers rather than just being a vendor supplying products. We proudly claim that with our continuous R&D we are able to reduce the customer’s energy and costs with our carefully designed refractories. Also, we specialize in application work for various types of sponge iron plants, pellet plants, and power plants”, adds Pradeep.
We are constantly involved in researching and developing new products to guarantee better performance and life to our customers
Keeping client satisfaction as paramount, PASMIN goes the extra mile to ensure its customers get maximum value for their money by submitting two sets of quotes – one with the client’s specifications and other with specifications that PASMIN thinks will suit the client’s work. Post this, the company discusses both the quotes with the client, finalizes the quote suitable for the client and then proceeds with the order processing and supply.
When questioned about PASMIN’s future roadmap, Pradeep says, “This is the most interesting part when you talk about PASMIN. We innovate every day, literally. Like the medical and software profession and unlike the traditions of our own industry, we work on every iota of change in our clients’ operations. The change is not visible on a month-to-month scale but on a scale of years, we change at mammoth expanses. That is ingrained in our regular operation and will continue to be so”.
