Incorporated in 1977 Ipitata Refractories Ltd. (IRL) now known as Nilachal Refractories Ltd (NRL) w.e.f. August' 1999, was promoted by B C Patnaik, was in the business of Manufacturing Refractories with an installed capacity of 28,000 MTPA at Jamshedpur in Bihar. _x000D_ _x000D_ The company had a joint project with Tata Refractories Ltd to develop High Alumina Refractories for export._x000D_ _x000D_ The manufacturing capacity of Steel have increased by 20 Million Tonnes in the State of Orrisa. The Quality of Bogie Bottom Pouring refractories for making cleaner steel had improved a lot by having a joint venture project with TISCO._x000D_ _x000D_ Nilachal Refractories has become a sick company as per the provisions of SICA and has made reference to BIFR in November,2001. The board is yet to take up the case for hearing._x000D_